One-Page Deal Sheet
Blaze Acquires West Virginia CBM Assets
Blaze Energy Corp. Not Disclosed
Announced Date
June 05,2013
Effective Date
June 04,2013
Close Date
June 04,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
51
Transaction Details: Subscribe to see
Blaze Energy has acquired approximately 43,746 acres of subsurface coal, coalbed methane (CBM), and other mineral rights under enriched acreage in West Virginia, along with an existing CBM gas lease with Consol Energy's subsidiary, CNX Gas Company.
CNX currently leases the entire acreage for CBM production, and is presently in the first year of a five-year renewal.
The Company acquired both the mineral rights and the associated gas lease with CNX, by and through a newly formed subsidiary, Blaze Minerals, LLC. The assets were acquired in fee, in a transaction valued just over $51,000,000…
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