One-Page Deal Sheet
Rio Vista Energy Partners Announces Plans to Acquire Northport Production Company
Rio Vista Energy Partners, L.P. Northport Production Company
Announced Date
March 01,2008
Close Date
July 01,2007
Transaction Type
Property
Enterprise Value (EV)($MM)
18
Asset/Basin:
{Mid-Continent}
Location
Region
Mid-Continent
Country
United States
State
Oklahoma
Transaction Details: Subscribe to see
Rio Vista Energy Partners, L.P., an energy services master limited partnership announced today that it has entered into a Letter of Intent to acquire substantially all of the assets, including leases, contracts and other intangibles of Northport Production Company (“Northport”), a privately held company, for $18 million. Rio Vista will also assume certain obligations of Northport, including a note payable of approximately $2 million and Rio Vista will agree to employ all of the existing employees of Northport. Rio Vista intends to purchase Northport’s assets through the issuance of 900,000…
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