One-Page Deal Sheet
BAYTEX Sells Bakken Acreage To Magnum Hunter
Magnum Hunter Resources Corp. Baytex Energy Corp.
Announced Date
April 18,2012
Effective Date
March 01,2012
Close Date
May 22,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
311
Asset/Basin:
{"Williston Basin"}
TargetZones:
{Bakken,"Three Forks
Net Acres
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Baytex Energy Corp., announces that its wholly-owned subsidiary, Baytex Energy USA Ltd., has entered into an agreement to sell its nonoperated interests in North Dakota (the "Assets") to Bakken Hunter, LLC (a subsidiary of Magnum Hunter Resources Corporation) for cash proceeds of US$311 million, subject to closing adjustments (the "Transaction"). The Transaction, which is subject to conditions typical of transactions of this nature, has an effective date of March 1, 2012 and is expected to close in May, 2012.
The Assets include approximately 950 boe/d of Bakken light oil production (based on…
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