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Argent Energy Trust to Sell Mannville Property

Not Disclosed Argent Energy Trust
AnnouncedApr 8, 2015
TypeProperty
Announced Date
April 08,2015
Effective Date
January 01,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
21




Snapshot
Asset/Basin:
{"Gulf Coast"}
Net Acres
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Location
Region
Gulf Coast

Country
United States

State
Texas

Production
Production
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Calculated Metrics( EV/Category)
$/ Flowing
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$/ Acre
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Transaction Details:  Subscribe to see

Argent Energy Trust has announced it has entered into an agreement for the sale of its interests in the Manvel Field, Texas and provides a management update.

Asset Sale

Argent Energy (US) Holdings Inc., a wholly-owned subsidiary of the Trust, has entered into a sale agreement to sell its interest in Manvel Field to a third party for gross proceeds of US$20.5 million, subject to usual closing adjustments.

Argent's holdings in the Manvel Field includes interests in 1,870 gross (1,816 net) acres and 31 active oil wells, with average working interest production of approximately 350 boe/d barrels…


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United States Deal Activity In Last 12 Months


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Price History


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