One-Page Deal Sheet
Terrace, BlackBrush to Form Eagle Ford Focused Operator
Terrace Energy Corp. Blackbrush Oil & Gas Llc
Announced Date
February 26,2013
Close Date
October 03,2013
Transaction Type
JV
Enterprise Value (EV)($MM)
65
Asset/Basin:
{"Eagle Ford"}
TargetZones:
{"Pearsall Shale","E
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast - South Texas
Country
United States
State
Texas
Play
Calculated Metrics( EV/Category)
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Terrace Energy Corp. has entered into a non-binding letter of intent (LOI) with BlackBrush Oil & Gas LP (BBOG), which contemplates the Company and BBOG organizing a special purpose entity (Newco) to acquire a 50% working interest in certain oil & gas leases covering approximately 147,000 net mineral acres in South Texas, USA.
Newco would initially be owned and funded 50% by the Company and 50% by BBOG and would be ceded the responsibility of developing the Target Acreage. Newco would be managed equally by the parties and BBOG would be contracted by Newco to perform the duties of project…
Gulf Coast - South Texas Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($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 | - |
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