One-Page Deal Sheet
Argent Closes Deal for Oily Kansas, Colorado Package
Argent Energy Trust Not Disclosed
Announced Date
July 26,2013
Effective Date
June 01,2013
Close Date
August 08,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
45
Location
Calculated Metrics( EV/Category)
Region
Rockies - DJ Basin,Mid-Continent
Country
United States
State
Colorado
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Closing Announcement - August 15, 2013
Argent Energy Trust has reported the initial closing of its previously announced acquisition of producing petroleum properties in various counties in Kansas and Colorado.
The initial closing of the Acquisition occurred on August 8, 2013 for a purchase price of US$34 million and the remainder of the Acquired Assets are expected to be acquired by Argent on August 22, 2013 for a purchase price of approximately US$11 million, which is expected to be funded using proceeds from the Offering and available cash flow from operations, resulting in an aggregate…
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