One-Page Deal Sheet
Rex Energy Sells Indiana Property
Not Disclosed Rex Energy Corp
Announced Date
August 25,2008
Close Date
August 25,2008
Transaction Type
Property
Enterprise Value (EV)($MM)
8
Location
Calculated Metrics( EV/Category)
Country
United States
State
Indiana
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Rex Energy Corporation announced today that its wholly owned subsidiary, Rex Energy I, LLC, has completed the sale of approximately 79,000 net undeveloped acres in Indiana and certain related non-producing wells for approximately $8.4 million.
The acreage divested consisted of all of Rex Energy's interests in acreage known as the Wabash and Lawrence areas of mutual interest, which are operated by Aurora Oil and Gas Corp., and all of its undeveloped acreage in Knox, Sullivan and Daviess Counties, Indiana, which was operated by Rex Energy.
The proceeds of this sale will be used to fund a…
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