Exploration & Production | Top Story | Deals - Acquisition, Mergers, Divestitures
Operator Sells Midland/Wolfcamp Property For $750 Millon
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Hidden away in Floteck's September 21, 2015 Analyst Day presentation was news that Tall City Exploration has contracted to sell its 77,000 net acre northern midland basin property for $750 million. The company did not identify the buyer.
From the presentation, here is what we know about the property.
Asset MapSource : Flotek's September 21, 2015 Analyst Day
North Position
Acquired 91,000 net acres in Wolfcamp Horizontal Play 77,000 net acres
North Position: 77,000 net acres in Howard and Borden Counties, TX
South Position: 14,000 net acres in Reagan and Crockett Counties, TX (South position sold in late 2014 To American Energy Partners)
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