Bonanza Creek Exits Midcontinent Region In $117 Million Sale

Transaction Type
Buyers
Basin
Midcontinent
Announce Date
Post Date
Close Date
Estimated Price
$117.0MM
Description

Bought a Midcontinent position covering about 11,000 net acres in Lafayette and Columbia counties, AR, primarily targeting the Cotton Valley Formation; includes associated net production during 1Q 2018 of about 3,000 boe/d (55% oil) and 12 MMboe proved reserves (100% PDP).