Riviera Resources Inc. is exiting the Hugoton Basin through a sale on Aug. 28 of its remaining properties in the basin located in southwest Kansas for $295 million to an undisclosed buyer.

The independent oil and gas company has been working to simplify the multibasin portfolio it inherited from its spinoff from Linn Energy last year. Divestitures so far have included the sale of its Arkoma Basin and Michigan assets plus a portion of its Hugoton assets in a transaction that closed in May.

The Hugoton Basin, geographically centered in southwest Kansas, is Riviera’s largest producing asset, according to the company website.

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