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Blackbeard Acquisition

Sector: Oil and Gas • Location: Texas, United States

Source: Financial Conduct Authority (FCA)

AssetPrivate

Acquisition of approximately 820 net operated gas and oil wells and related midstream infrastructure in the Barnett Shale region of Texas, USA. The assets have current net production of approximately 16 Mboepd (82% natural gas) and estimated PDP reserves of approximately 79 MMboe. The initial gross aggregate consideration is US$180 million with an estimated net consideration of US$166 million afte

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The project “Blackbeard Acquisition” is an infrastructure initiative in the Oil and Gas sector, located in Texas, United States. Taiyo aggregates data on it from Financial Conduct Authority (FCA).

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Description

Description

Acquisition of approximately 820 net operated gas and oil wells and related midstream infrastructure in the Barnett Shale region of Texas, USA. The assets have current net production of approximately 16 Mboepd (82% natural gas) and estimated PDP reserves of approximately 79 MMboe. The initial gross aggregate consideration is US$180 million with an estimated net consideration of US$166 million after purchase price adjustments, effective date 1 April 2021.

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