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Roan Resources LLC

Company Summary

Description

Roan is the first of its kind Merge/SCOOP/STACK pure play with significant contiguous size and scale that is uniquely positioned to accelerate growth and be a basin consolidator. Combined production was more than 20,000 BOE/d as of May 2017 and at current rig pace is forecast to have an exit rate of more than 40,000 BOE/d by the end of 2017, with additional growth expected as rig pace increases Roan operates on 140,000 acres in Oklahoma.

Operational Regions

  • Oklahoma STACK Play
  • SCOOP
  • Anadarko Basin

Related Entities

Recent news

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Investor Presentations

Company Transactions

Date: 3/30/2020
Type: Acquisition

BUYERS:
  • Citizen Energy Operating
    • SELLERS:
  • Roan Resources LLC
  • Roan Resources, Inc.
    • DETAILS:

    COST: 1 $B

    NOTES:
    Roan Resources reported it will be acquired by Citizen Energy in an all-cash transaction valued at roughly $1 billion (including Roan's funded net debt of roughly $780 million as of September 30).
    REGIONS:
  • Oklahoma STACK Play
  • SCOOP
  • Anadarko Basin

    • Date: 8/15/2017
    Type: Joint Venture

    BUYERS:
  • Roan Resources LLC
    • SELLERS:
  • Linn Energy, Inc
  • Citizen Energy II
    • DETAILS:

    VOLUMES: 20 MBOE/d

    ACRES: 140000 Acres

    NOTES:
    LINN Energy has signed an agreement with Citizen Energy II to form a joint venture, Roan Resources, to develop the Merge/SCOOP/STACK play's in the Anadarko Basin. Each Company will contribute 70,000 acres and split the new entity 50/50. Pro-forma the transaction, Roan will operate on 140,000 acres in Canadian, Carter, Cleveland, Garvin, Grady, Kingfisher, McClain and Stephens Counties, Oklahoma. Roan Resources is anticipating an initial public offering in early 2018.
    REGIONS:
  • SCOOP
  • Oklahoma STACK Play
  • Anadarko Basin