One-Page Deal Sheet
Cuda Energy, Junex Acquire Powder River Basin Asset
Cuda Oil & Gas, Junex Inc. Not Disclosed
Announced Date
June 11,2018
Close Date
August 14,2018
Transaction Type
Property
Enterprise Value (EV)($MM)
37
Asset/Basin:
{"Powder River Basin"}
TargetZones:
{"Shannon formation"
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Rockies - Powder River Basin
Country
United States
State
Wyoming
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Subscribe to see
Junex Inc. and Cuda Energy Inc. have acquired assets in the Powder River Basin from an undisclosed seller for $37 million.
The price is comprised of approximately 20.9 million New Cuda Shares (pre consolidation) having a deemed value of US$6 million and US$31 million in cash.
The assets consist of:
27.75% interest in the 25,000 (~7,000 net) acre Barron Flats (Deep) Unit in the Powder River Basin Currently producing approximately over 1,000 boe/d (280 boe/d net) of high netback (92% light oil) production entirely from the Shannon formation Other Related DetailsJunex and Cuda have…
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jun-05-2025 | Vermillion Energy Exits US, Sells Power River Basin Asset | - |
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