One-Page Deal Sheet
Sumitomo Signs $1.4 Billion Marcellus Shale Drilling JV
Sumitomo Corp Rex Energy Corp
Announced Date
September 01,2010
Close Date
September 30,2010
Transaction Type
JV
Enterprise Value (EV)($MM)
1400
Asset/Basin:
{Appalachia,"Marcellus Shale"}
TargetZones:
{"Marcellus Shale"}
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
Pennsylvania
County
Butler
Play
Calculated Metrics( EV/Category)
$/ Acre
$/Location
Transaction Details: Subscribe to see
Sumitomo Corp. has signed a participation agreement with Rex Energy Corp. to participate in the development and production of REX's Marcellus shale gas project in Pennsylvania.
The Project will drill more than 1,100 wells for coming 10 years. SC will bear the costs and expense s of drilling and completion of the wells attributable to SC's working interests, which are estimated to come to approximately USD1,200 million.
SC's total net acreage is 22,000 acres and the total cost for development is estimated at USD 1,200 million.
Details:- Location： Butler County, Centre County, Fayette County…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-24-2020 |
-  |
- |
Click here | Pennsylvania | E&P |
| Dec-19-2019 |
- |
- |
Click here | Ohio | E&P |
| Oct-21-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| Jul-19-2019 |
- |
- |
Click here | Pennsylvania | E&P |
| Jul-19-2019 |
- |
- |
Click here | Pennsylvania | E&P |
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