SM Energy以9.8亿美元收购Midland部分地区

SM Energy has entered into a definitive purchase agreement to acquire 24,783 net acres in Howard County, West Texas, expanding the company’s Midland basin footprint to approximately 46,750 net acres.

The acquired acreage position is largely contiguous and includes approximately 4,900 boed net production (with two new wells coming on-line in August 2016) and 6 MMboe of proved developed producing reserves. The purchase price is $980 million and the seller is Rock Oil Holdings LLC.

Jay Ottoson, president and CEO of SM Energy, said, “This is a negotiated transaction for assets in Howard County, a region of the Midland basin that is emerging as a top tier area for well performance. Our operational expertise in the region can be immediately applied to the acquisition assets. We expect that the implementation of pad drilling, reservoir modeling, zipper fracs, and leading edge completion technologies will add value from the start. We anticipate running one rig in the area in the fourth quarter of 2016 and two rigs throughout 2017.”

The transaction is expected to close on Oct. 4, 2016, with an effective date of Sept. 1, 2016, and will be subject to customary purchase price adjustments.