One-Page Deal Sheet
Lynden Letting Go of Permian Wolfberry Interest
Breitburn Energy Partners L.P. Lynden Energy Corp.
Announced Date
December 11,2012
Effective Date
December 01,2012
Close Date
December 28,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
25
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Lynden Energy Corp. reports that the Company's wholly owned subsidiary, Lynden USA Inc., has entered into a definitive agreement with BreitBurn Energy Partners L.P. of Los Angeles, California, for the sale of the Company's interest in 16 gross (7.0 net) Wolfberry Project wells and underlying leases covering approximately 1,440 gross acres (630 acres net to Lynden) for proceeds of US$25.0 million.
The sale will have an effective date of December 1, 2012, and is subject to customary closing conditions, including completion of due diligence by the buyer. The sale is expected to close in 2012…
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Dec-20-2013 | Lynden Drops Wolfberry Wells in Deal with BreitBurn | - |
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| May-11-2012 | BreitBurn Energy Partners Acquires Wolfberry Oil and Gas Properties | - |
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