One-Page Deal Sheet
Stratex and Richfield Merge to Exploit Kansas, Utah Acreage
Stratex Oil and Gas Richfield Oil & Gas Company
Announced Date
May 07,2014
Close Date
December 01,2014
Transaction Type
Corporate
Enterprise Value (EV)($MM)
13
Asset/Basin:
{"Central Kansas Uplift","Central Utah Overthrust"}
TargetZones:
{Arbuckle,Mississipp
Net Acres
% Oil:
Proved Reserves
PDP PV-10 ($MM)
PV-10 ($MM)
Location
Residual Metrics
Region
Mid-Continent
Country
United States
State
Utah
Play
Production & Reserves Reserves
Residual Metrics
Residual Value
Transaction Details: Subscribe to see
Closing Announcement - December 1, 2014
Stratex Oil & Gas Holdings, Inc. and Richfield Oil & Gas Company announced the successful completion of the previously announced merger of a wholly owned subsidiary of Stratex with and into Richfield. Richfield survived the merger and is now a wholly owned subsidiary of Stratex. The merger was approved by Richfield's stockholders at a special meeting held on November 24, 2014.
Effective with the opening of the market today, Richfield ceased to be a publicly traded company and its shares of common stock ceased to be quoted for trading on the OTCQX.
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