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Track Drilling (Rigs by operator) | Completions (Frac Spreads)

One-Page Deal Sheet

Alta Mesa Bolts on Louisiana Weeks Island Assets

Alta Mesa Resources, Inc Not Disclosed
AnnouncedOct 3, 2013
TypeProperty
Announced Date
October 03,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
45




Snapshot
Asset/Basin:
{"Gulf Coast"}
Proved Reserves

Location
Region
Ark-La-Tex

Country
United States

State
Louisiana

Production & Reserves
Reserves


Transaction Details:  Require Private Equity Subscription

Alta Mesa Holdings, LP has reported a "bolt on" acquisition of producing and undeveloped oil and gas assets in and around the Weeks Island field for approximately $45 million in cash.

Total estimated net proved reserves associated with the acquisition are 1.8 million BOE.

Alta Mesa's lenders completed a redetermination of the Company's borrowing base under its senior secured revolving credit facility. Pursuant to the terms of the reserve-based revolving line of credit, the borrowing base has been increased by the lenders to $385 million. This represents an increase of $55 million over the…

United States Deal Activity In Last 12 Months



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Price History



Date Deal Headline Price$/acre
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