One-Page Deal Sheet
Torchlight to Sell Off Portion of Hunton Lime Assets
Not Disclosed Torchlight Energy Resources, Inc.
Announced Date
June 17,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
6
Asset/Basin:
{Mid-Continent}
TargetZones:
{"Hunton Lime"}
Transaction Details: Subscribe to see
Torchlight Energy Resources, Inc. announced that the Company has signed a Letter of Intent to sell approximately 40% of its Hunton Assets to a private buyer. The agreed upon sales price is $5.5 million and is subject to normal closing conditions. Closing is expected to occur by end of July.
Torchlight's COO, Willard McAndrew III, said: "This is the first step in closing our position in the Hunton Play. We will continue to market the remaining assets as planned and if we cannot sell the assets for the price that we believe to be fair market value, we can continue to develop the project with…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jan-27-2025 |
-  |
- |
Click here | Texas | E&P |
| Jul-29-2024 |
- |
- |
Click here | Oklahoma | E&P |
| Mar-02-2022 |
- |
- |
Click here | Oklahoma | E&P |
| Nov-10-2021 |
- |
- |
Click here | Texas | E&P |
| May-18-2021 |
- |
- |
Click here | Oklahoma | E&P |
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Jan-26-2018 | Gastar Sells Hunton Lime Property for $107.5MM | - |
- |
| Dec-31-2015 | Lucas to Acquire MidContinent Acreage Package; 1,200 BOE/d | - |
- |
| Oct-14-2015 | Gastar Makes Deal for Hunton Lime / STACK Working Interest | - |
- |