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One-Page Deal Sheet

GMX Resources To Sell East Texas and Louisiana Assets

Not Disclosed Gmx Resources Inc.
AnnouncedOct 1, 2012
TypeProperty
Announced Date
October 01,2012
Effective Date
September 01,2012
Close Date
October 24,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
69




Snapshot
Asset/Basin:
{"Cotton Valley"}
TargetZones:
{"Cotton Valley Sand
Net Acres
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Location
Country
United States

State
Texas


Calculated Metrics( EV/Category)
$/ Acre
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$/Location
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Transaction Details:  Subscribe to see

GMX RESOURCES INC.,announces today that it has entered into a definitive purchase and sale agreement with a private third party to sell a portion of its East Texas and Louisiana assets for approximately $69.0 million, subject to certain adjustments. The sale is expected to be closed within 30 days and is subject to customary diligence review and adjustments for title and environmental matters. The asset sale includes the Company's interests in specified operated and non-operated properties in the Cotton Valley Sands and shallow rights located in East Texas and Louisiana.

The Company is…


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United States Deal Activity In Last 12 Months


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Price History


Date Deal Headline Price$/acre
Feb-18-2026 SM Energy Sells Eagle Ford Asset for $950 Million -   15,574
Feb-02-2026 Devon Acquires Coterra Energy; Bulk Up on Permian, Adds Gas Bank -   32,229
Nov-03-2025 Viper Energy Divests Non-Permian Mineral & Royalty Portfolio to Warwick Capital and GRP Energy for $617MM -   8,172