BVX Operating Closes On Permian Sale

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
$26.0MM
Description

Purchase of 17 producing wells on 608 acres in the Permian Basin.

BVX Operating Inc. and Falcon E&P Opportunities GP LLC have closed on the sale of 17 producing wells on 608 acres to an undisclosed buyer for $26 million.

The wells are in Andrews and Ector counties, Texas in the Permian Basin. Riviera-Ensley Energy Advisors was the marketer for the sale. Art Ensley, REA managing director, said the merger & acquisition market was expected to be as active in 2013 as it was in 2012.