Deal insight

Halcon swoops into the Permian while exiting the Eagle Ford in deals worth $1.2bn

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about Subscriptions

Already have subscription? Sign In

Further information

Pay by Invoice or Credit Card FAQs

Contact us

For further information about this report submit the form below.

Report summary

Dollars continue to flood the Delaware. On 24 January 2017 Halcon Resources announced an agreement to acquire 20 478 net acres in the southern Delaware Basin from Samson Exploration LLC for US$705 million. The acreage is primarily located in Pecos County Texas and includes 2 600 boe/d in flowing production. In addition Halcon entered into an option agreement to purchase an additional 15 040 net acres in Ward County Texas for US$11 000/acre. To help fund the Pecos County acquisition Halcon also announced the sale of its Eagle Ford assets ("El Halcon") for US$500 million to Hawkwood Energy LLC. The Eagle Ford assets include 80 500 net acres and approximately 6 000 boe/d in flowing production. The acquired Permian acreage in Pecos County lies on the edge of our Wolfcamp and Bone Spring sub play outlines concentrated among the southeastern fringe of the Delaware Basin.

What's included

This report contains

  • Document

    Halcon swoops into the Permian while exiting the Eagle Ford in deals worth $1.2bn

    PDF 1.80 MB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 10 images and tables including:

Images

  • Recent comparable transactions in the southern Delaware
  • Hawkwood Energy's growing position in the Northeast Eagle Ford

Tables

  • Upstream assets: Table 1
  • Upstream assets: Table 2
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Deal analysis: Table 4
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

Questions about this report?

  • Europe:
    +44 131 243 4699
  • Americas:
    +1 713 470 1900
  • Asia Pacific:
    +61 2 8224 8898