Text Size:
A | A

Sanchez Energy Completes Eagle Ford Acquisition

Text Size: A | A
July 3, 2014

Sanchez Energy Corp. (NYSE: SN) closed its acquisition of Eagle Ford assets from wholly owned subsidiaries of Royal Dutch Shell Plc (NYSE: RDS-A, RDS-B), the company said June 30.

The acquisition, which had an effective date of Jan. 1, totaled about $553.5 million, Sanchez said. About $85.5 million in closing adjustments had been deducted from the $639 million purchase price, the company noted. The $553.5 million included the deposit of about $51.1 million, the company added. The final purchase price depends on more adjustments after closing, Sanchez said.

Cash, along ...

Already a subscriber? Log In
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription