One-Page Deal Sheet
American Eagle Snaps Up Additional Bakken Spyglass W.I.
American Eagle Energy Corp SM Energy Company
Announced Date
January 07,2013
Close Date
January 07,2013
Transaction Type
Asset
Location
Region
Williston Basin
Country
United States
State
North Dakota
County
Divide
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American Eagle Energy Corporation has reported the acquisition of additional working interest in several of the Company's operated properties in the Spyglass area from SM Energy Company.
The purchase price of $9,100,000 includes SM Energy's working interest in four different spacing units operated by American Eagle. This transaction, which closed on January 4, 2013 and has an economic effective date of September 1, 2012, is the second of the two pending acquisitions referenced by the Company in the January 2, 2013 announcement of its financing agreement with Macquarie Bank Ltd. The Company…
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