One-Page Deal Sheet
U.S. Energy Corp. Lets Go of Williston Basin Assets
Not Disclosed Ageron Energy, LLC
Announced Date
June 18,2014
Effective Date
January 01,2014
Close Date
June 17,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
12
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
North Dakota
County
Williams ,McKenzie
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
U.S. Energy Corp. has reported the sale of certain of its Williston Basin assets for $12.2 million to an undisclosed buyer.
On May 27, 2014, the Company entered into a Purchase and Sale Agreement to sell certain Williston Basin assets that were originally acquired by the Company in 2012. Under the terms of the sale agreement, the Company sold its interest in approximately 285.70 net acres and 16 gross (0.62 net) producing wells in Williams and McKenzie Counties, North Dakota. The transaction closed on June 17, 2014 and the effective date of the sale is January 1, 2014.
When acquired in 2012…
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