One-Page Deal Sheet
Stratex to Sell Off Two MidCon Leaseholds to Private Buyers
Not Disclosed Stratex Oil and Gas
Announced Date
June 29,2015
Close Date
July 07,2015
Transaction Type
Property
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent
Country
United States
State
Kansas
County
Russell
Play
Calculated Metrics( EV/Category)
Transaction Details: Subscribe to see
Stratex Oil and Gas has reached agreements to sell its oil and gas leases and equipment located in Russell County, Kansas, to three different independent oil producers for a combined purchase price of $360,000. The Company deemed these properties uneconomic at current oil prices.
The Russell County Properties sold by the Company are located in two separate projects:
The Gorham Project, consisting of oil & gas leases covering 1,218 acres and including seven producing wells, ten non-producing wells and four salt water disposal wells. The Trapp Project, consisting of oil & gas leases covering…| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
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