One-Page Deal Sheet
Emerald Oil, Koch Join Forces for Bakken JV Project
Koch Exploration Company, Llc, Koch Industries Inc. Emerald Oil Inc
Announced Date
August 03,2015
Effective Date
July 01,2015
Close Date
October 02,2015
Transaction Type
JV
Enterprise Value (EV)($MM)
17
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
Montana
County
Richland
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Closing Announcement - October 2, 2015
Emerald Oil, Inc. has closed the previously announced transaction with Koch Exploration Company, LLC for total consideration of approximately $17.4 million, including normal and customary closing adjustments. Koch Exploration also reimbursed Emerald for their proportionate share of existing AFEs, bringing the total transaction size to $22.8 million. The proceeds from the sale will be used to pay down a portion of the outstanding borrowings under the Company's revolving credit facility.
Initial Announcement - August 3, 2015Emerald Oil, Inc. announced a…
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