One-Page Deal Sheet
Emerald Oil Bolsters Bakken Acreage Holdings
Emerald Oil Inc Liberty Resources II LLC
Announced Date
August 05,2014
Effective Date
May 01,2014
Close Date
September 05,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
109
Asset/Basin:
{"Williston Basin"}
TargetZones:
{Bakken,"Three Forks
Net Acres
Proved Reserves
PV-10 ($MM)
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
County
McKenzie ,Billings ,Dunn
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Closing Announcement - September 5, 2014
Emerald Oil, Inc. has closed the previously announced acquisition of core Williston Basin properties. The total consideration paid for the acreage was approximately $109 million, subject to customary closing adjustments, consisting of approximately $70.2 million in cash and the assignment of approximately 4,250 net acres located in Williams County, North Dakota.
Increase to Senior Credit FacilityIn conjunction with the closing of the transaction, Emerald and its lending syndicate entered into an amendment to the Company's credit facility to increase…
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