One-Page Deal Sheet
Southwestern to Acquire 20% Interest in Statoil's Marcellus Assets
Southwestern Energy Co. Equinor
Announced Date
December 23,2014
Close Date
January 27,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
365
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
West Virginia
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Subscribe to see
Southwestern Energy Company has signed a purchase and sale agreement to acquire an undivided 20% of Statoil's ownership in oil and gas assets in West Virginia and southwest Pennsylvania for a purchase price of approximately $394 million, subject to adjustments.
Southwestern previously announced in October 2014 a purchase of Chesapeake Energy Corporation's interest in these and other oil and gas properties. This purchase from Statoil equates to approximately 30,000 net acres and increases the company's overall working interest in the assets by approximately 5.8% to approximately 73%.
Statoil…
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|---|---|---|---|---|---|
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| Jul-19-2019 |
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