One-Page Deal Sheet
RAM Energy Resources Announces Agreement to Sell North Texas Gas Assets
Not Disclosed Ram Energy Resources, Inc.
Announced Date
October 01,2010
Effective Date
October 01,2010
Close Date
December 08,2010
Transaction Type
Property
Enterprise Value (EV)($MM)
44
Location
Country
United States
State
Texas
County
Jack ,Wise
Play
Production & Reserves Reserves
Transaction Details: Subscribe to see
RAM Energy Resources, Inc., announced it had signed a purchase and sale agreement effecting the strategic divestiture of RAM's North Texas Barnett Shale and Boonsville properties to a private E&P company for $43.75 million in cash, subject to customary due diligence and other closing adjustments. The effective date of the divestiture is October 1, 2010 with the closing anticipated in early December 2010. The current transaction represents the first asset sale to be effected pursuant to RAM's announced review of strategic alternatives. Management has previously stated that proceeds from the…
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