Old news, press release from June 15, 2022:
Riverbend Energy Group, on behalf of certain of its affiliates, announced today the execution of a definitive agreement with a private buyer for the sale of all of the equity interests in Riverbend Oil & Gas VI, LLC, Riverbend Oil & Gas VI-B, LLC and Riverbend Oil & Gas VIII, LLC, for total consideration of $1.8 billion.
The transaction is subject to customary terms and conditions and is expected to close in the third quarter of 2022, with an effective date of May 1, 2022. The divested portfolios represent a substantial, diversified asset base of non-operated interests across the Bakken/Three Forks, Utica, Fayetteville and Haynesville. As of the effective date, these properties produced approximately 47,000 barrels of oil equivalent per day from over 11,000 wells.
MNRL: small acquisition.
- press release:
- $132.5 million
- 3,900 net acres
- core of the Midland Basin ni Martin and Midland counties
- 750 - 950 boepd, 60% oil
- 132.5 / 3,900 = $34,000 / acre
- 132.5 / 1,000 boed = $132,000 boepd
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