Deal Snapshot
EP ENERGY CLOSES ACQUISITION OF EAGLE FORD PROPERTIES FROM CARRIZO, DIVESTS ALTAMONT ASSETS
Tuesday 13 February 2018

Texas, US-based oil and gas exploration and production company EP Energy Corp. (NYSE: EPE) has closed the acquisition of Texas-based Eagle Ford undeveloped acreage and certain producing properties from Carrizo Oil and Gas.
EP also closed the sale of certain assets in the Altamont area of the Uinta Basin to an undisclosed party, the company said. The aggregate purchase price for the acquired properties is approximately USD 245m. The divested properties will generate an estimated proceeds of USD 180m.


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Details
Date Published: 13/02/2018
Target: Texas-based Eagle Ford undeveloped acreage and certain producing properties
Country: USA
Deal Size: 245m (USD)
Sector: Petroleum/Natural Gas/Coal
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor: Carrizo Oil and Gas
Buyer: EP Energy
Comment:
EP also agreed to divest certain assets in the Altamont area of the Uinta Basin to an undisclosed party for USD 180m

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