One-Page Deal Sheet
Petro River Acquires 13.75% Stake in California Oil Field
Petro River Oil Corp. Not Disclosed
Announced Date
March 10,2016
Close Date
March 04,2016
Transaction Type
Farm-In/Farm Out
Asset/Basin:
{"San Joaquin Basin"}
Location
Region
United States,West Coast
Country
United States
State
California
County
Kern
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Petro River Oil Corp. has closed its Asset Purchase and Sale and Exploration Agreement to acquire a 13.75% working interest in oil and gas leases located within the confines a large oil field in southern Kern County, California.
Horizon Energy Partners, LLC also purchased a 27.5% working interest in the Project. Petro River is currently a party to a conditional purchase agreement with Horizon I Investments, LLC to acquire a 20% interest in Horizon Energy. The acquisition is expected to close in April 2016.
The field within the Project area has historically produced large volumes of oil and…
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| May-21-2019 | Yuma Energy Sells California Assets as it Looks to Pay Down Debt | -  |
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| May-24-2017 | LINN Unloads San Joaquin Basin Assets for $263 Million | - |
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