One-Page Deal Sheet
Mexco Acquires Producing Properties in North Dakota, New Mexico
Mexco Energy Corp Not Disclosed
Announced Date
March 15,2014
Effective Date
March 01,2014
Close Date
March 15,2014
Transaction Type
Property
Location
Region
Williston Basin,Permian - Delaware Basin
Country
United States
State
North Dakota
Play
Production & Reserves Reserves
Transaction Details: Subscribe to see
Mexco Energy Corp. has acquired for $450,000, a package of non-operated producing properties consisting of 10 oil wells and 1 gas well located in Webster Parish, Louisiana; Eddy County, New Mexico; Billings County, North Dakota; and, Nolan and Smith Counties, Texas.
The purchase price was funded from the Company's $4.9 million bank credit facility. This purchase, effective March 1, 2014, includes working interests ranging from 27.5% to .13% (net revenue interests of 24.06% - .11%) adding estimated net proved reserves of approximately 35,000 barrels of oil equivalent at a cost of $12.86 per…
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