One-Page Deal Sheet
TPG Capital-backed Jonah Energy Acquires Pinedale Property LINN
Jonah Energy Llc Linn Energy, Inc
Announced Date
May 02,2017
Effective Date
March 01,2017
Close Date
May 31,2017
Transaction Type
Property
Enterprise Value (EV)($MM)
582
Asset/Basin:
{"Green River Basin"}
TargetZones:
{"Normally Pressured
Net Acres
Proved Reserves
PDP PV-10 ($MM)
Location
Calculated Metrics( EV/Category)
Region
Rockies
Country
United States
State
Wyoming
County
Sublette
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Residual Metrics Residual Value
Transaction Details: Require Private Equity Subscription
TPG Capital-backed Jonah Energy is acquiring Linn Energy's Pinedale and Jonah field assets for $580 million. The asset includes 1200 producing wells and 27,000 net acres of which 80% is currently undeveloped. The asset averaged 150 MMcfe/d of net production in 2016. Proforma Jonah will produce over 450 MMboe/d net from 2100 wells across 145,000 net acres within Wyomings Jonah and Pinedale fields. Proved reserves on the acquired asset stood at 384 Bcfe.
This marks the second deal Jonah Energy, who in 2014 spent $1.8 billion to acquire Encana's Pinedale/Jonah field aset.
Source : LinnEnergy…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jun-05-2025 |
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| Jul-13-2023 |
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| Apr-03-2023 |
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| Jul-13-2022 |
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| Mar-08-2022 |
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-09-2022 | Evolution Petroleum Acquires Gas-Heavy Jonah Field Asset for $26 Million | - |
- |
| Jul-24-2017 | QEP Sells Pinedale Assets to Kayne Anderson-backed Oak Ridge for $740 Million | - |
- |
| Aug-14-2014 | Ultra Trades In Marcellus Assets for Shell's Pinedale Portfolio | - |
- |