One-Page Deal Sheet
Riviera Exits Midstream Biz; Sells Blue Mountain for $111MM
Citizen Energy Holdings LLC Riviera Resources
Announced Date
August 24,2020
Close Date
October 08,2020
Transaction Type
Asset
Location
Region
Mid-Continent - Anadarko Basin
Country
United States
State
Oklahoma
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Riviera Resources Inc. has inked a deal to sell its wholly owned subsidiary, Blue Mountain Midstream LLC, to Citizen Energy for $111 million in cash.
This will result in Riviera's exit from the midstream sector.
This deal closed on October 8, 2020.
Blue Mountain AssetsServing operators in the Anadarko Basin's Merge, SCOOP and STACK plays, Blue Mountain's operations include:
Dedicated Acreage: 80,000+ net Processing Capacity: 250 Mmcf/d Horsepower: 87,000 HP of compression Pipelines: Over 100 miles of gathering pipelines Also has a produced water systemThe Company expects the…
Mid-Continent - Anadarko Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-28-2021 |
-  |
- |
Click here | Oklahoma | Midstream |
| Dec-19-2019 |
- |
- |
Click here | Oklahoma | Midstream |
| Oct-03-2019 |
- |
- |
Click here | Oklahoma | Midstream |
| Aug-01-2019 |
- |
- |
Click here | Oklahoma | Midstream |
| May-21-2019 |
- |
- |
Click here | Oklahoma | Midstream |