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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Total Enters U.K. Shale Gas Fray; Becomes Country's Largest Operator

Total SA Not Disclosed
AnnouncedJan 14, 2014
TypeFarm-In/Farm Out
LocationUK OIl & Gas
Announced Date
January 14,2014
Close Date
January 14,2014
Transaction Type
Farm-In/Farm Out
Enterprise Value (EV)($MM)
48




Snapshot
Asset/Basin:
{"Gainsborough Trough"}
TargetZones:
{"Bowland-Hodder Sha
Net Acres
Location
Region
Europe

Country
United Kingdom

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Transaction Details:  Subscribe to see

Total SA has acquired a 40% interest in two shale gas exploration licences in the United Kingdom.

The interests are in Petroleum Exploration & Development Licences 139 and 140 in the Gainsborough Trough area of the East Midlands region of the UK which cover an area of 240 km2

Commenting on the acquisition, Patrice de Viviès, Total’s Senior Vice President for Northern Europe, said: "This opportunity is an important milestone for Total E&P UK and opens a new chapter for the subsidiary in a promising onshore play. The Group is already involved in shale gas projects in the US, Argentina, China…



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Price History



Date Deal Headline Price$/acre
May-10-2014 IGas to Buy UK Shale Company Dart Energy - -