Energy Central Professional

 

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


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

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