One-Page Deal Sheet
Unit Ups Ante in the MidContinent; Acquires 8,300 Net Acres
Unit Corp. Not Disclosed
Announced Date
April 04,2017
Effective Date
January 01,2017
Close Date
April 03,2017
Transaction Type
Property
Enterprise Value (EV)($MM)
57
Asset/Basin:
{"Anadarko Basin"}
TargetZones:
{Hoxbar,Marchand}
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent
Country
United States
State
Oklahoma
County
Grady ,Caddo ,McClain
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
[Summary: Unit Corporation has acquired from an undisclosed seller certain oil and natural gas assets primarily in Grady and Caddo Counties in western Oklahoma. The purchase price is approximately $57 million in cash plus 180 net acres in McClain County, Oklahoma. ]
The acquisition adds approximately 8,300 net acres to Unit Petroleum's Hoxbar core area in southwestern Oklahoma as well as 47 Proved Developed Producing wells of which 23 are operated by the seller and 20 by Unit. As of the effective date, the estimated proved reserves of the properties totaled 3.2 million barrels of oil…
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