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    EOG Resources Plans To Sell Oil And Gas Assets In Texas Panhandle


    September 22, 2022 - Marketline - Deals

     

      Deal In Brief

      EOG Resources Inc, an oil and natural gas exploration and production company, intends to sell oil and gas assets located in Texas Panhandle, the US. The transaction has an effective date of September 1, 2022

      The oil and gas assets include 185 gross operated locations in Panhandle, Texas, the US. The net production of the assets is 1,000 boe/d (68% liquids) (includes 4% PDP next 12-month production decline)

      TenOaks Energy Advisors has been retained by the company for the divestment of the assets in the transaction. The bids are due on October 20, 2022.

      Deal Type Acquisition
      Sub-Category Asset Purchase
      Deal Status Rumour: 2022-09-20

      Deal Participants

      Acquirer (Company) Undisclosed Company
      Vendor (Company) EOG Resources, Inc.

      Deal Rationale

      (Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Marketline shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon.)

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