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Athlon Energy completes Northern Midland Basin acquisitions


Published Jun 5, 2014
Athlon Energy

Athlon Energy has closed all of its previously announced acquisitions in the northern Midland Basin for an aggregate purchase price of $873 million in cash. The Company previously disclosed that it had closed on approximately $200 million of the acquisitions in early May.

As previously disclosed, the acquisitions include 23,500 net acres in Martin, Upton, Andrews, and Glasscock counties with estimated current net production of approximately 4,800 BOE/d, 100% operated, net proved reserves of 31 MMBOE (39% PD), and a total estimated net reserve potential of over 250 MMBOE.

Tags: Athlon Energy




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