One-Page Deal Sheet
Emerald Oil Sells Entire Non-Op Williston Basin Portfolio
Not Disclosed Emerald Oil Inc
Announced Date
September 10,2013
Effective Date
April 01,2013
Close Date
September 06,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
113
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Emerald Oil, Inc. has sold substantially all of its non-operated Williston Basin acreage in two transactions for approximately $113 million.
Based on encouraging results from its recently drilled operated wells, the Company simultaneously increased third quarter and 2013 exit rate production guidance on its remaining properties.
Two sales were concluded, both with industry partners.
Approximately 26,580 net acres of non-operated leasehold with current daily production of 850 Boe were sold.
No anticipated cash income tax obligations will result from this transaction.
McAndrew Rudisill…
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Nov-03-2025 | Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM | -  |
- |
| Jul-08-2024 | Devon To Acquired PE-Backed Grayson Mill For $5 Billion | - |
- |
| Feb-21-2024 | Chord Energy and Enerplus to Combine in $11 Billion Transaction Creating Premier Williston-Focused E&P Company | - |
- |