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Petro River Expands MissLime Portfolio in M&A Deal

Petro River Oil Corp. Petro River Oil Llc
AnnouncedApr 29, 2013
TypeCorporate
LocationMississippi Lime
Announced Date
April 29,2013
Effective Date
April 23,2013
Close Date
April 23,2013
Transaction Type
Corporate
Enterprise Value (EV)($MM)
22




Snapshot
Asset/Basin:
{"Mississippi Lime"}
TargetZones:
{"Mississippi Lime"}
Net Acres
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Location
Region
Mid-Continent

Country
United States

State
Kansas

Play
Mississippi Lime



Transaction Details:  Subscribe to see

Petro River Oil Corp., previously known as Gravis Oil, has:

acquired control of Petro River Oil LLC, an emerging oil and gas producer which controls a substantial acreage position in the Southeast Kansas region of the Mississippi Lime formation, and completed negotiations that set in motion a major recapitalization of the company's debt and outstanding warrants. The Mississippi Lime Acquisition

As a result of the acquisition of Petro River Oil, LLC, now a wholly-owned subsidiary, the Company has added 115,000 gross/85,000 net acres to its Oil and Gas portfolio, establishing a significant…


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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

Price History


Date Deal Headline Price$/acre
Mar-02-2022 BCE-Mach Picks Up Midcontinent Assets for $66.5MM; STACK, MissLime - -
Feb-07-2018 Chesapeake Quietly Exits the MissLime; Sells Assets for $500MM - -
Oct-08-2016 Fairway Resources Partners Scores 223,000 Net Acres In The Anadarko Basin - -