One-Page Deal Sheet
Whiting Petroleum Acquires Uinta Basin Property for $365 Million
Whiting Petroleum Corp. Chicago Energy Associates
Announced Date
May 05,2008
Effective Date
January 01,2008
Close Date
May 30,2008
Transaction Type
Property
Enterprise Value (EV)($MM)
365
Transaction Details: Subscribe to see
Whiting Petroleum Corporation
today announced that it entered into a purchase and sale
agreement with Chicago Energy Associates, LLC to purchase interests in
producing gas wells and development acreage in the Flat Rock Natural Gas
Field in Uintah County, Utah. The acquisition also includes gas gathering
facilities. The purchase price is $365 million with an effective date of
January 1, 2008.
The closing is expected to occur May 30, 2008, subject to standard
conditions to closing and approval by Chicago Energy's members. Whiting
will finance the acquisition with borrowings under its existing bank…
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Aug-20-2024 | Quantum Backed-Koda Resources, QB Energy Gets Caerus Oil Assets For $1.8 Billion | -  |
- |
| Jun-27-2024 | SM Energy, Northern To Acquire PE-Backed XCL Resources | - |
- |
| Feb-16-2022 | Crescent Energy Inks $690MM Cash Deal for EP Energy's Uinta Assets | - |
- |