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Blue Whale Energy purchases Permian Basin assets for $1.084 billion


Published Dec 3, 2015
Blue Whale Energy North America

Blue Whale Energy North America (Blue Whale) closed a transaction with Tall City Exploration LLC and Plymouth Petroleum LLC, both private companies, on behalf of Moss Creek Resources, LLC, for assets located in Howard and Borden County, Texas valued at $1.084 Billion USD. With an effective date of April 1, 2015, the assets purchased consist of approximately 6,000 BOEPD of net production and over 78,000 net acres. The acquired properties will be operated by Surge Energy Operating, an operating company based in Houston, Texas.

In addition to the Moss Creek deal, Blue Whale closed a transaction in April 2015 with Juno Energy II, a private company, for $315 Million USD on behalf of Surge Energy America, LLC. These assets consist of approximately 2500 BOEPD and over 7,100 net acres in Crosby County, Texas on the northern edge of the Permian Basin.

Tags: Blue Whale Energy North America




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