One-Page Deal Sheet
Petro-Hunt Sheds Producing East Texas Assets for $40 Million
Glori Energy Inc., Infinity Cross Border Acquisition Corp. Petro-Hunt LLC
Announced Date
March 17,2014
Close Date
March 14,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
40
Asset/Basin:
{"East Texas Basin"}
TargetZones:
{"Upper Paluxy Forma
% Oil:
Proved Reserves
Location
Calculated Metrics( EV/Category)
Region
Gulf Coast - Southeast Texas
Country
United States
State
Texas
Play
Production & Reserves Production
Reserves
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Subscribe to see
Infinity Cross Border Acquisition Corporation and Glori Energy Inc. have completed the previously announced acquisition of producing oil assets in Wood County, Texas from Petro-Hunt LLC for $40 million.
Glori and Infinity, which is co-sponsored by Infinity Group and an affiliate of Hicks Equity Partners LLC, recently announced that they will merge.
Highlights of the acquired assets include: Current net production of approximately 500 barrels of oil equivalent (Boe) per day from 28 wells Reserves with a production ratio estimated to be 19 years Estimated net proved reserves of approximately…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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