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One-Page Deal Sheet

Warren Resources Seals Deal for Citrus' Marcellus Assets

Warren Resources Inc. Citrus Energy Corporation
AnnouncedJul 7, 2014
TypeProperty
LocationMarcellus Shale
Announced Date
July 07,2014
Effective Date
July 01,2014
Close Date
August 11,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
353




Snapshot
Asset/Basin:
{"Marcellus Shale"}
TargetZones:
{"Lower Marcellus","
Proved Reserves

Location
Region
Northeast

Country
United States

State
Pennsylvania

County
Wyoming

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Production & Reserves
Production

Reserves


Transaction Details:  Subscribe to see

Closing Announcement - August 11, 2014

Warren Resources, Inc. has closed on its previously announced acquisition of the Marcellus assets of Citrus Energy Corporation and two additional working interest owners for $352.5 million. The purchase price consisted of $40 million in Warren common stock priced at $6.00 per share, and approximately $312.5 million paid in cash, subject to further customary post closing adjustments.

In connection with the acquisition, Warren also entered into a five-year, Third Amended and Restated Credit Agreement, with Bank of Montreal, as Administrative Agent, which…




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