One-Page Deal Sheet
IOG, Red Mountain Sells Stake In STACK To Sandridge Energy
Sandridge Energy, Inc. IOG Capital LP, RED Mountain Energy
Announced Date
February 22,2017
Close Date
February 10,2017
Transaction Type
Property
Enterprise Value (EV)($MM)
48
Asset/Basin:
{"NW STACK","Anadarko Basin"}
TargetZones:
{Meramec,Osage}
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent
Country
United States
State
Oklahoma
County
Woodward
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
IOG Capital, LP announced the sale of its acreage and production located in Woodward County, Oklahoma to Sandrige Energy.
According to a sandrige presentation, the company acquired 13,100 net acres in the NW Stack.
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IOG STACK recently acquired the position in June 2016, as part of a joint development program with Red Mountain Energy, LLC of Oklahoma City, Oklahoma.
This sale represents a small portion of IOG’s interest in the STACK. Through IOG STACK and other affiliates, IOG’s assets span five counties in Northwestern Oklahoma including Blaine, Custer, Dewey, Kingfisher, and…
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