One-Page Deal Sheet
Total USA Acquires Remaining Barnett Shale Asset From Chesapeake
Total SA Chesapeake Energy Corp
Announced Date
September 09,2016
Close Date
November 03,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
420
Asset/Basin:
{"Barnett Shale"}
TargetZones:
{"Barnett Shale"}
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent - North Texas
Country
United States
State
Texas
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
Total E&P USA today announced that it is exercising its preemption right to acquire Chesapeake’s 75% interests in the jointly held Barnett Shale operating area located in North Texas. Total E&P USA has owned the remaining 25% in the Barnett Assets since December 2009. With the preemption, Total E&P USA will be the 100% owner and operator of the assets.
Properties in the proposed transaction include approximately 215,000 net developed and undeveloped acres, wells, leases, minerals, buildings and properties (the “Barnett Assets”). Associated 2016 net production is approximately 65 000 barrels…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Aug-12-2025 |
-  |
- |
Click here | Texas | E&P |
| Jul-28-2022 |
- |
- |
Click here | Texas | E&P |
| May-19-2022 |
- |
- |
Click here | Texas | E&P |
| Dec-18-2019 |
- |
- |
Click here | Texas | E&P |
| Sep-13-2019 |
- |
- |
Click here | Louisiana | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Aug-12-2025 | BKV Acquires More Barnett Shale Assets | - |
- |
| May-19-2022 | Exxon to Sell Barnett Shale Portfolio to BKV for $750 Million | - |
- |
| Dec-18-2019 | Devon Sells Barnett Shale Assets to Kalnin for $830 Million | - |
- |