One-Page Deal Sheet
Magnum Hunter Lets Go of Bakken Property Interests
Formation Energy Lp Magnum Hunter Resources Corp.
Announced Date
October 01,2014
Effective Date
April 01,2014
Close Date
October 01,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
23
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
County
Divide
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Magnum Hunter Resources Corporation reported that Bakken Hunter, LLC, a wholly-owned subsidiary of the Company, closed on the sale of certain non-core and non-operated working interests in oil and gas properties located in Divide County, North Dakota to a privately held company affiliated with Formation Energy L.P.
The sales price of the Properties was $23,051,320 in cash, after taking into account customary purchase price adjustments, and was received by Magnum Hunter from this sale today. The effective date of the transaction was April 1, 2014. The Properties currently account for…
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