One-Page Deal Sheet
Magnum Hunter Sells West Virginia Marcellus Acreage
Not Disclosed Magnum Hunter Resources Corp.
Announced Date
May 26,2015
Close Date
June 18,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
34
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
West Virginia
County
Tyler
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Closing Announcement - June 18, 2015
Magnum Hunter Resources Corporation reported that Triad Hunter, LLC, a wholly-owned subsidiary of the Company, has closed on the previously announced definitive agreement to sell certain non-core undeveloped and unproven leasehold acreage located in Tyler County, West Virginia to an independent exploration and production company.
At closing, Triad Hunter, LLC received total consideration of approximately $33.6 million in cash, subject to post-closing adjustments for any title defects and for remediation of asserted title defects, which adjustments are…
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