One-Page Deal Sheet
Synergy Resources To Acquire Niobrara Oil Assets
SRC Energy Inc Orr Energy
Announced Date
October 26,2012
Close Date
December 06,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
42
Location
Calculated Metrics( EV/Category)
Region
Rockies - DJ Basin
Country
United States
State
Colorado
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Synergy Resources Corporation, has entered into a definitive agreement to purchase from Orr Energy 36 producing oil and gas wells in the Wattenberg Field of the Denver-Julesburg Basin.
Under the terms of the agreement, Synergy will pay a total consideration of $42 million, comprised of $30 million in cash and $12 million in shares of Synergy's common stock. The purchase price is subject to usual closing adjustments and conditions. The transaction is expected to close at the end of November.
The combined 36 oil and gas wells are currently producing at an average rate of 360 BOE/D, with the…
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|---|---|---|---|---|---|
| Dec-18-2025 |
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| Nov-03-2025 |
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| Jan-11-2024 |
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| Sep-06-2022 |
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| Feb-28-2022 |
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