One-Page Deal Sheet
Seller Revealed: QEP to Acquire 9,400 Net Acres in the Midland Basin
QEP Resources, Inc. Breitburn Energy Partners L.P., RK Petroleum Corp
Announced Date
June 22,2016
Effective Date
April 01,2016
Close Date
October 19,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
600
Asset/Basin:
{Permian,"Midland Basin"}
TargetZones:
{"Wolfcamp A","Wolfc
Net Acres
% Oil:
Net Operated Locations:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
County
Martin
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
QEP Resources, Inc. has entered into a definitive agreement with certain individuals and entities to acquire oil and gas properties in the Permian Basin from the Initial Sellers and other associated individuals and entities for an aggregate purchase price of approximately $600 million, subject to customary purchase price adjustments.
Shale Experts later found out that the sellers were Rk Petroleum and Breitburn Energy.
Highlights: Adds over 430 potential horizontal drilling locations across four target horizons Increases QEP Permian potential drilling locations by over 50% Leverages…Permian Deal Activity In Last 12 Months
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|---|---|---|---|---|---|
| Feb-02-2026 |
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| Nov-03-2025 |
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| Jan-30-2025 |
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| Jan-27-2025 |
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| Jan-04-2024 |
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| Dec-15-2023 | Fury Resources Takes Battalion Private In Transaction Worth $450 Million : Map | - |
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