2010-01-07-2009-11-20-2009-11-20

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
$10.3MM
Description

Purchased assets in Whittenburg Basin in TX Panhandle.

Gunn Oil Co., Cogent Exploration Ltd. and Apollo Exploration LLC have acquired assets in the Whittenburg Basin in the Texas Panhandle via Section 363 of the U.S. Bankruptcy Code from Crusader Energy Group Inc., Oklahoma City, (Pink Sheets: CKGRQ). The companies paid $400,000 in cash and assumed approximately $9.9 million of contractual obligations for a total deal value of $10.3 million.