One-Page Deal Sheet
Magnum Hunter Resources to Acquire Bakken Focused NuLoch Resources
Magnum Hunter Resources Corp. Nuloch Resources, Inc.
Announced Date
January 19,2011
Close Date
May 03,2011
Transaction Type
Property
Enterprise Value (EV)($MM)
327
Asset/Basin:
{"Williston Basin"}
TargetZones:
{Bakken,"Three Forks
Net Acres
% Oil:
Net Operated Locations:
Location
Calculated Metrics( EV/Category)
Region
Williston Basin,Canada
Country
Canada
Country
United States
State
North Dakota
County
Divide ,Burke
Play
Calculated Metrics( EV/Category)
$/ Acre
$/Location
Transaction Details: Subscribe to see
Magnum Hunter Resources Corporation announced that it has entered into a definitive agreement to acquire Williston Basin focused NuLoch Resources, Inc. in an all common stock transaction valued at approximately $327 million (USD).
Magnum Hunter has agreed to acquire NuLoch for $2.50 (Canadian) per share at a fixed exchange ratio of 0.3304, which was based on the seven-day volume weighted average price of Magnum Hunter's common stock as of January 18, 2011 of $7.63 per share. Magnum Hunter will issue approximately 42.8 million new common shares to the NuLoch shareholders, representing…
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