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One-Page Deal Sheet

Start Scientific and BPS Operating to Enter Farm Out in Flora Field

Start Scientific Inc Bps Operating Services Llc
AnnouncedJan 6, 2015
TypeFarm-In/Farm Out
Announced Date
January 06,2015
Effective Date
January 02,2015
Transaction Type
Farm-In/Farm Out
Enterprise Value (EV)($MM)
1




Snapshot
Asset/Basin:
{"Gulf Coast"}
TargetZones:
{"Anderson Sand","Se
Net Acres
Location
Region
Gulf Coast

Country
United States

State
Mississippi

County
Madison


Calculated Metrics( EV/Category)
$/ Acre

Transaction Details:  Subscribe to see

Start Scientific, Inc. has announced that it has entered into a Farmout Agreement with BPS Operating Services LLC, located in Jackson, Mississippi.

The Company has until April 1, 2015 to tender $500,000 for the first well to be drilled. The production interest includes 40 acres around the new well and the Company will earn a 75% working interest before payout, and a 60% working interest after payout. All of the production facilities, salt water disposal systems, and 33 well bores are in place. The Company may drill additional wells for $400,000 per well within 60 days of completion of each…

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Price History



Date Deal Headline Price$/acre
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