Scandoil  

Magnum Hunter to sell certain non-core assets located in Divide County


Published Oct 2, 2014
Magnum Hunter Resources Corporation-2

Magnum Hunter Resources Corporation says that Bakken Hunter, LLC, a wholly-owned subsidiary of the Company, closed on the sale of certain non-core and non-operated working interests in oil and gas properties located in Divide County, North Dakota (the "Properties") to a privately held company affiliated with Formation Energy L.P.

The sales price of the Properties was $23,051,320 in cash, after taking into account customary purchase price adjustments, and was received by Magnum Hunter from this sale. The effective date of the transaction was April 1, 2014. The Properties currently account for approximately 170 BOE of average daily production, net to the ownership interest sold to the buyer, and consist of a non-operated working interest in approximately 34,600 gross (2,852 net) leasehold acres.

Tags: Magnum Hunter Resources Corporation




Advertisment:

Add a Comment to this Article

Please be civil. Job and promotion will not be added into the comment page.

(Use Markdown for formatting.)

This question helps prevent spam:

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml