-- Scout Energy on Friday announced the sale of oil and gas assets in the Western Anadarko Basin for over $1 billion, marking a significant portfolio shift.
The divestiture includes a mix of upstream and midstream holdings built through multiple acquisitions, reflecting Scout's long-term strategy to scale and integrate operations, the company said.
These assets produce about 250 million cubic feet equivalent per day across natural gas, natural gas liquids, and helium, spanning roughly 3 million acres in a major North American gas basin.
The asset base includes three gas processing plants, over 7,200 miles of gathering pipelines, and roughly 400,000 horsepower of compression capacity.
"This is an important position that we built meticulously over a decade through multiple acquisitions, creating value through integration and operating improvements." John Baschab, Co-Founder and Managing Director of Scout, said.
RBC Capital Markets served as exclusive financial advisor on the transaction, which advances Scout's strategy to optimize its portfolio of upstream and midstream energy assets, the company added.