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One-Page Deal Sheet

Argent Wraps Up Sale of MidCon Arbuckle Assets for $20MM

Not Disclosed Argent Energy Trust
AnnouncedMay 11, 2015
TypeProperty
LocationMid-Continent
Announced Date
May 11,2015
Effective Date
January 01,2015
Close Date
July 01,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
20




Snapshot
Asset/Basin:
{Mid-Continent}
TargetZones:
{Arbuckle}
Net Acres
Location
Region
Mid-Continent

Country
United States

State
Oklahoma

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Production
Production


Calculated Metrics( EV/Category)
$/ Flowing

$/ Acre

Transaction Details:  Subscribe to see

Closing Announcement - July 1, 2015

Argent Energy Trust has closed the previously announced sale of its interests in Oklahoma and Kansas for gross proceeds of US$20 million, subject to ordinary closing adjustments.

Argent's interests included in the sale included approximately 19,500 gross (13,600 net) acres and 88 active oil wells, with average working interest production of approximately 548 boe/d barrels of oil equivalent per day before royalties during the first quarter of 2015.  The transaction has an effective date of January 1, 2015.

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This transaction represents the…



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Price History



Date Deal Headline Price$/acre
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