One-Page Deal Sheet
Range Sells Non-Op Working Interest In Bradford County
BKV Corporation, Kalnin Ventures LLC Range Resources Corp
Announced Date
March 28,2016
Effective Date
January 01,2016
Close Date
March 28,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
110
Asset/Basin:
{Marcellus}
TargetZones:
{"Marcellus Shale"}
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
Pennsylvania
County
Bradford
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Production ($/Mcfe/d)
Transaction Details: Require Private Equity Subscription
Range Resources today announced that it has completed the sale of its Bradford County non-operated assets. After purchase price adjustments based upon a January 1st effective date, Range received approximately $110 million of sales proceeds at the closing plus retaining the net cash flow since the effective date.
Shale Experts was able to confirm that the buyer was Kalnin Ventures and its operating unit BKV Operating LLC.
In early February, Range signed a purchase and sale agreement covering 24% Average working interest covering approximately 10,900 net acres its non-operating Marcellus…
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