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One-Page Deal Sheet

Juneau Energy to Join with AEXCO for Mid-Cont Asset Development

Juneau Energy Inc Aexco Petroleum Inc.
AnnouncedMar 21, 2014
TypeJV
Announced Date
March 21,2014
Transaction Type
JV
Enterprise Value (EV)($MM)
50




Snapshot
Asset/Basin:
{Mid-Continent}
Location
Region
Mid-Continent

Country
United States

State
Oklahoma


Transaction Details:  Subscribe to see

AEXCO Petroleum, Inc. has entered into a joint venture agreement with Juneau Energy, LLC to further develop AEXCO's assets in the Mid-Continent.

JE has committed $50 million to the development joint venture.  Funded capital will be used to develop and expand AEXCO's operations in this region.  Given the scale of the project and the extent of the acreage position, there is the potential to develop more than 150 horizontal and vertical drilling locations.

Drew Allan, CEO of AEXCO, commented, "We could not have aligned ourselves with a better strategic partner than JE.  They truly understand the…

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