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Announced

Ridgemar Energy to acquire Eagle Ford Shale assets from Callon for $700m.

Financials

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Transaction Value£560m
Consideration TypeCash, Contingent Deferred Consideration
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Acquisition

Domestic

Integrated Oil and Gas

Pending

Private

Friendly

United States

oil and gas

Majority

Synopsis

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Ridgemar Energy, an upstream company focused on creating value through the acquisition, development and operation of oil and gas assets, agreed to acquire Eagle Ford Shale assets from Callon, an independent oil and natural gas company, for $700m. "Our strategic Eagle Ford exit funds our Delaware expansion and focuses our people, capital and operations on our premium Permian position. We greatly appreciate our Eagle Ford employees who worked safely and diligently to create value and ultimately make today's transactions possible," Joe Gatto, Callon President and CEO.

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