One-Page Deal Sheet
Arabella Ups Working Interest In Delaware Basin Property
Arabella Exploration Inc. Energen Corp.
Announced Date
October 08,2014
Effective Date
October 08,2014
Transaction Type
Working Interest
Transaction Details: Subscribe to see
Arabella Exploration, Inc. has backed into ownership on additional acreage in Reeves County in the Southern Delaware Basin. Arabella has owned a reversionary interest in certain acres controlled by Energen Resources Corporation. By paying its portion of the expenses to date of drilling and leasehold costs, these interests have reverted into standard non-operated, working interests in these wells and properties.
With this reversion, Arabella has backed into a 0.5333% working interest in 6,166 gross, 5,505 net, acres held by Energen in the Delaware Basin. Arabella's interest amounts to 33 gross…
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