Reuters logo
SM Energy to buy Permian Basin acreage for $1.6 billion
2016年10月18日 / 上午11点27分 / 1 年前

SM Energy to buy Permian Basin acreage for $1.6 billion

Oct 18 (Reuters) - SM Energy Co said on Tuesday it would buy 35,700 net acres in West Texas’s Howard and Martin counties for about $1.6 billion and sell its Williston Basin assets in North Dakota for $785 million to Oasis Petroleum Inc .

SM said the Texas purchase - from QStar LLC, a portfolio company of EnCap Investments LP and a related entity - would expand its footprint in the Permian Basin to about 82,450 net acres.

SM Energy said in August it would buy 24,783 net acres in Howard County for about $980 million. (Reporting by Arathy S Nair in Bengaluru; Editing by Ted Kerr)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below