One-Page Deal Sheet
Riviera Resources Sells Off Hugoton Interests for $31MM
Not Disclosed Riviera Resources
Announced Date
April 29,2019
Effective Date
March 01,2019
Close Date
May 31,2019
Transaction Type
Property
Enterprise Value (EV)($MM)
31
Asset/Basin:
{"Hugoton Basin"}
TargetZones:
{Hugoton}
Proved Reserves
PDP PV-10 ($MM)
Location
Residual Metrics
Region
Mid-Continent
Country
United States
State
Kansas
Play
Production & Reserves Production
Reserves
Residual Metrics
Residual Value
Transaction Details: Subscribe to see
Riviera Resources, Inc. has agreed to sell its interest in certain non-operated properties located in the Hugoton Basin in Kansas to an undisclosed buyer for $31 million.
Asset Details:2,300 non-op wells
PDP reserves of 74 Bcfe
According to its recent presentation, the assets produce ~130 Mmcfe/d
The estimated net proceeds from the sale are expected to be added to cash on the Company's balance sheet. Use of proceeds will be determined by Board and management, which may include share repurchases under the Company's previously announced share repurchase program, share tenders, and/or…
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