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  • Data analysis WildHorse Resource Buys Eagle Ford Assets for $625 Million

    WildHorse Resource Development Corporation (WRD) has entered into a definitive agreement to acquire approximately 111,000 net acres and associated production from Anadarko Petroleum Corporation (APC) and affiliates of Kohlberg Kravis Roberts & Co LP (KKR) for aggregate consideration of $625 million,...

    WildHorse Resource Buys Eagle Ford Assets for $625 MillionData analysis
    Global Deals

    WildHorse Resource Development Corporation (WRD) has entered into a definitive agreement to acquire approximately 111,000 net acres and associated production from Anadarko Petroleum Corporation (APC) and affiliates of Kohlberg Kravis Roberts & Co LP (KKR) for aggregate consideration of $625 million, including approximately $556 million of cash to APC and 6.3 million shares of WRD common stock valued at approximately $69 million to KKR.

    Key Acquisition Highlights:

    • Approximately 111,000 net acres (95% held by production) in Burleson, Brazos, Lee, Milam, Robertson, and Washington Counties next to WRD’s existing acreage position
    • Approximately 7.6 MBOE/d of net production for Q4-2016 consisting of approximately 72% oil and 89% liquids from 68 Eagle Ford, 299 Austin Chalk, 19 Buda/Georgetown operated wells
    • 949 net Eagle Ford locations and 22.9 MMBOE of proved developed producing reserves (73% oil and 88% liquids)

    The transaction is expected to close on or about Jun-2017.

    View WildHorse Resource Development press release

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