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Energy Hunter Resources Agrees to Acquire Midland Basin Properties.

MANews-(C)2009-2016

2 December 2016 - Dallas, Texas-based exploration and production company Energy Hunter Resources, Inc., has agreed to acquire an undivided ownership interest in certain oil producing properties located in Reagan County, Texas from an undisclosed seller, the company said.

The working interest being acquired represents a 17.5% interest in an eighty acre block that is currently held by production. The effective date of the transaction is 1 December 2016.

Energy Hunter Resources said it anticipates that the purchase of the Midland Basin properties will close in January 2017, subject to due diligence and standard title review.

Headquartered in Dallas, Texas and focused on the Eagle Ford Shale and Permian Basin, Energy Hunter's aim is to create substantial shareholder value through a balanced programme of acquisitions and low-risk development and exploitation opportunities utilising horizontal drilling and fracture stimulation technology.

Country: USA

Sector: Petroleum/Natural Gas/Coal

Target: 17.5% interest in an eighty acre block in Reagan County, Texas that is currently held by production

Buyer: Energy Hunter Resources

Vendor: Undisclosed seller

Deal size in USD:

Type: Stakebuilding

Financing:

Status: Agreed

Buyer advisor: , ,

Comment: Terms of the deal were not disclosed

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Publication:M & A Navigator
Geographic Code:1U7TX
Date:Dec 2, 2016
Words:193
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