One-Page Deal Sheet
Williams Signs $258 Million Deal for Piceane Basin Property
Williams Companies, Inc. Not Disclosed
Announced Date
August 10,2009
Close Date
August 10,2009
Transaction Type
Property
Enterprise Value (EV)($MM)
258
Location
Calculated Metrics( EV/Category)
Region
Rockies - Piceance/Uinta
Country
United States
State
Colorado
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Subscribe to see
Williams announced today that it has agreed to purchase additional properties in the Piceance Valley east of the company's existing assets from a private company for approximately $258 million. The parties expect the transaction to close near the end of the third quarter.
The assets, which are geologically similar to other Williams assets in the Piceance Valley, could represent an estimated 795 billion cubic feet equivalent (Bcfe) of net reserves. Of the estimated reserves, approximately 150 Bcfe are proved.
In addition, the properties contain exploration upside from deeper formations and…
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