A leading provider of business research for the Oil & Gas Industry
  • Data analysis SM Energy Sells Eagle Ford Assets for $800 Million

    SM Energy has entered into a definitive agreement with a subsidiary of Venado Oil and Gas LLC, an affiliate of KKR, for the sale of the SM Energy’s third party operated assets in the Eagle Ford, including its ownership interest in related midstream assets, for a purchase price of $800 million.The assets...

    SM Energy Sells Eagle Ford Assets for $800 MillionData analysis
    Global Deals

    SM Energy has entered into a definitive agreement with a subsidiary of Venado Oil and Gas LLC, an affiliate of KKR, for the sale of the SM Energy’s third party operated assets in the Eagle Ford, including its ownership interest in related midstream assets, for a purchase price of $800 million.

    The assets expected to be sold include approximately 37,500 net acres in the Maverick Basin/Eagle Ford area of south Texas and a 12.5% interest in the Springfield Gathering System. As of year-end 2015, net proved reserves associated with these assets were 65 MMBOE (38% oil, 31% natural gas and 31% NGLs). In Q3-2016, these assets produced approximately net 27.3 MBOE/d (33% oil, 33% natural gas and 34% NGLs). The transaction is expected to close in Q1-2017, with an effective date of 1-Nov-2016.

    View SM Energy press release

Get instant access to our databases

For subscriptions and other enquiries write to us at sales@1derrick.com

else leave your details and we will get in touch with you.