One-Page Deal Sheet
Victory Energy Closes Sale of Working Interest in Glasscock County
Not Disclosed Victory Energy Corporation
Announced Date
June 09,2014
Close Date
June 05,2014
Transaction Type
Working Interest
Enterprise Value (EV)($MM)
4
Asset/Basin:
{Permian}
TargetZones:
{Spraberry,Wolfcamp,
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
County
Glasscock
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
Transaction Details: Subscribe to see
Victory Energy Corporation, has announced that it has sold its Permian Basin Lightnin' property in Glasscock County, Texas to an unnamed buyer for $4,080,000.
The transaction closed on June 5, 2014.
Victory's 20% working interest and 15% net revenue interest in the Lightnin' property was acquired through a March 2012 transaction with the operator, Hannathon Petroleum. The first of four wells was drilled on the property in late 2012. The most successful of the four wells (Cotter 6 #2) was brought into production in March of 2014.
All four vertical wells targeted the Spraberry trend, with a…
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