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Mid-Con Energy Divests Hugoton Assets for $18 Million

PO & G Resources LP Mid-Con Energy Partners Lp
AnnouncedMay 27, 2016
TypeProperty
Announced Date
May 27,2016
Effective Date
May 01,2016
Close Date
July 29,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
18




Snapshot
Asset/Basin:
{Hugoton}
Proved Reserves
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Location
Region
Mid-Continent

Country
United States

State
Kansas

Production & Reserves
Production
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Reserves
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Calculated Metrics( EV/Category)
$/ Flowing
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Transaction Details:  Subscribe to see

Closing Announcement - July 29, 2016

Mid-Con Energy Partners, LP has closed its previously announced divestiture of oil and natural gas assets within the Hugoton area to PO&G Panhandle, LP, an affiliate of P.O.&G. Resources, LP, at a contract price of $18.0 million, subject to customary post-closing purchase price adjustments.  Net divestiture proceeds will be used to reduce borrowings outstanding under the Partnership's revolving credit facility.

For reference, the divested assets in the Hugoton area as of December 31, 2015 were comprised of 70 producing wells, 45 injection wells, 5 water…


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United States Deal Activity In Last 12 Months


Other Mid-Continent Region's Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Jan-27-2025 - - Click here Texas  E&P
Jul-29-2024 - - Click here Oklahoma  E&P
Mar-02-2022 - - Click here Oklahoma  E&P
Nov-10-2021 - - Click here Texas  E&P
May-18-2021 - - Click here Oklahoma  E&P

Other United States Deals


Announced DateBuyerSellerDeal Value($mm)LocationCategory
Mar-02-2022 - - Click here Kansas  E&P
Jan-08-2020 - - Click here Kansas  Midstream
Nov-07-2019 - - Click here Kansas  E&P
Aug-28-2019 - - Click here Kansas  E&P
Aug-19-2019 - - Click here Kansas  Service

Price History


Date Deal Headline Price$/acre
Mar-02-2022 BCE-Mach Picks Up Midcontinent Assets for $66.5MM; STACK, MissLime -   1,008
Aug-28-2019 Riviera Resources Exits the Hugoton in $295MM Deal -   267
Jul-19-2019 Apache Sells Western Anadarko Assets to PE-backed Presidio Petroleum -