Deal Evaluations that Once Took Days Now Take Minutes

BP To Sell SWOOP (Shallow Woodford Oklahoma Oil Play) Assets

BP To Sell SWOOP (Shallow Woodford Oklahoma Ol Play) Assets

Four Sevens, Sinclair and Chugash To Sell Certain Op and Non-Op Undeveloped Acreage in Texas

Covers 4,963 net acres in Howard county in Texas with all leases in primary term
Primarily targets Wolfcamp A, Lower Spraberry and Wolfcamp B formations
Offset operators include SM Energy, Callon Petroleum, Oxy and CrownQuest

BP To Sell East Texas Assets With Cotton Valley And Haynesville Undeveloped Potential

BP East Texas assets are part of its US Onshore Divestiture Program, to help partially fund its $10.5 billion BHP acquisition
Covers 51,475 net HBP acres (~86% WI) primarily in Harrison, Rusk, and Upshur counties, Texas
2018 Production: 5.92 MBOE/d (77% gas, 23% liquids)

Reata Properties To Sell Alpine High Acreage In Southern Delaware Basin

Covers ~65,000 net contiguous acres (100% WI, 75% NRI) primarily located in Pecos Co., Texas
175 square miles of 3D seismic data processed in 2018
Targets Woodford and Wolfcamp formations with additional potential from Bone Spring, Atoka and Barnett formations

Abraxas to sell its Bakken assets in North Dakota

Abraxas has retained Patrie Partners to assist in a strategic alternative process for its Bakken assets
Net Production: 8 MBOE/d
Covers ~4,000 net acres in McKenzie county in North Darkota

Elliott Management Offers To Acquire QEP Resources For $2.55B

Covers 50,700 net acres in Martin, Andrew and Crockett counties in Midland basin
Production Q3-2018: ~52 MBOE/d (74% oil, 15% NGLs, 11% gas)
During 2018, QEP transitioned into a Pure Permian company by announcing divestitures of its Williston, Uinta and Haynesville assets

Cimarex Buys Out Resolute For ~$1.62b To Acquire Southern Delaware Assets

Cimarex is the most active operator in the region with 4 active rigs and over 25 active permits in Reeves and Culberson
The acquisition adds 21,100 net acres
Cimarex buys out Resolute’s Wolfcamp acreage in Reeves County for $1.616 billion at $24,352/Acre