One-Page Deal Sheet
Cardinal Energy Group to Bolt On North Texas Assets
Cardinal Energy Group Inc. Hunting Dog Capital, Llc
Announced Date
February 11,2014
Close Date
March 06,2014
Transaction Type
Property
Transaction Details: Require Private Equity Subscription
Cardinal Energy Group, Inc. has signed a purchase and sale agreement to acquire the Stroybel-Broyles lease located in Eastland County, Texas from Hunting Dog Capital, LLC of San Francisco, California. The prospect has 235 acres with 32 wells including 3 active wells and 2 injection wells. The active wells are producing 3 BOPD or 90 barrels per month.
Timothy Crawford, CEO of Cardinal Energy, commented: "This prospect is an ideal acquisition for us. Most of the wells we target in Texas were previously completed during the drilling boom in the 1980's, yet there is still a significant amount of…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Dec-10-2014 |
-  |
- |
Click here | Texas | E&P |
| Dec-08-2014 |
- |
- |
Click here | Texas | E&P |
| Nov-21-2014 |
- |
- |
Click here | Tennessee | E&P |
| Nov-21-2014 |
- |
- |
Click here | Texas | E&P |
| Nov-20-2014 |
- |
- |
Click here | Louisiana | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Dec-20-2013 | Peregrine Petroleum Dives into Anadarko Basin via Asset Deal | - |
- |
| Dec-09-2013 | Chaparral Acquires Cabot's MidContinent Assets | - |
- |
| May-21-2013 | Laredo to Sell Anadarko Basin Assets to EnerVest | - |
- |