Latest Tom Ward Partnership Buys Alta Mesa Assets For $320 Million
Transaction Type
Basin
Midcontinent; Stack Play
Announce Date
Post Date
Close Date
Estimated Price
$220.0MM
Description
Bought substantially all of the assets of Alta Mesa Resources and its midstream subsidiary, Kingfisher Midstream, through bankruptcy sale processes involving a renegotiation following oil price crash; includes 130,000 net-acre OK Stack Play position (90% HBP) and 30,000 boe/d of production (67% liquids).
Editor's note: Renegotiated price approved by U.S. bankruptcy court on April 8, 2020.