One-Page Deal Sheet
Gastar Sells Canadian County Leasehold for $71 Million
Red Bluff Resources Holdings, LLC Gastar Exploration Inc
Announced Date
October 20,2016
Effective Date
August 01,2016
Close Date
November 21,2016
Transaction Type
Working Interest
Enterprise Value (EV)($MM)
71
Asset/Basin:
{"STACK (Anadarko Basin)"}
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent
Country
United States
State
Oklahoma
County
Canadian ,Kingfisher
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
Closing Announcement - November 21, 2016
Gastar announced the initial closing of the sale of certain non-core assets located in northeast Canadian and southeast Kingfisher counties, Oklahoma. Gastar received $46.4 million in the initial closing and the buyer Red Bluff Resources has placed an additional $28.3 million into escrow.
Initial Announcement - October 20, 2016Gastar Exploration has agreed to sell certain non-core leasehold interests primarily in northeast Canadian County and also in southeast Kingfisher County, Oklahoma to Red Bluff Resources a Pine Brook portfolio company for approx…
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