One-Page Deal Sheet
Magnum Hunter Resources Acquires Property in East Chalkley Field for $1.7 Billion
Magnum Hunter Resources Corp. Not Disclosed
Announced Date
September 15,2009
Effective Date
July 01,2009
Close Date
October 15,2009
Transaction Type
Property
Enterprise Value (EV)($MM)
2
% Oil:
Location
Country
United States
State
Louisiana
Transaction Details: Subscribe to see
Magnum Hunter Resources Corporation announced today the execution of a definitive agreement to acquire an additional 37.5% working interest in the Company operated East Chalkley Field from an undisclosed private seller. The East Chalkley Field is located in Cameron Parish, Louisiana.
Magnum Hunter has an approximate 34.4% working interest covering approximately 714 gross mineral acres in the East Chalkley Field. Today's announced purchase will increase the Company's working interest to approximately 72%. Funding will be from the Company's existing cash. The effective date for this purchase…
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