One-Page Deal Sheet
Strapped for Cash, Goodrich Monetizes Eagle Ford Asset
EP Energy Corp Goodrich Petroleum Corp.
Announced Date
July 27,2015
Effective Date
July 01,2015
Close Date
September 08,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
116
Asset/Basin:
{"Eagle Ford Shale"}
TargetZones:
{"Eagle Ford Shale"}
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast - South Texas
Country
United States
State
Texas
County
La Salle ,Frio
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Closing Announcement - September 8, 2015
Goodrich Petroleum Corporation has closed on the previously announced divestiture of the Company's proved reserves and associated leasehold in the Eagle Ford Shale in LaSalle and Frio Counties, Texas. After certain purchase price adjustments the consideration was $116 million, of which $102 million was received by the Company in cash at closing, with the remaining $14 million placed into escrow pending resolution of post-closing adjustments. The Company used the proceeds at closing to pay off its senior credit facility, with the difference held in cash.
Gulf Coast - South Texas Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Feb-18-2026 |
-  |
- |
Click here | Texas | E&P |
| Jan-08-2026 |
- |
- |
Click here | Texas | E&P |
| Dec-05-2024 |
- |
- |
Click here | Texas | E&P |
| May-16-2024 |
- |
- |
Click here | Texas | E&P |
| Nov-03-2022 |
- |
- |
Click here | Texas | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-18-2026 | SM Energy Sells Eagle Ford Asset for $950 Million | - |
- |
| Nov-12-2025 | Baytex Energy Exits United States in $2.305B Eagle Ford Divestiture | - |
- |
| Nov-03-2025 | Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM | - |
- |