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American Energy Partners Touts $726MM in Permian Acquisitions, Well Results
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American Energy – Permian Basin LLC, an affiliate of American Energy Partners LP, has reported that since July 31, 2014 it has completed or entered into definitive agreements with multiple parties to acquire net production of approximately 1,400 barrels of oil equivalent (boe) per day and approximately 27,000 net acres of leasehold in the Wolfcamp Shale play in the central Midland Basin.
These assets are located primarily in Reagan County, Texas, and will be acquired for an aggregate purchase price of approximately $726 million. On a net effective acre basis, AEPB is acquiring approximately 110,000 net acres and after giving effect to the value of the acquired production, AEPB is acquiring its new leasehold for approximately $6,000 per net effective acre.
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