Ring Energy to Sell Delaware Basin Acreage for $31.5 Million
Transaction Type
Sellers
Buyers
Basin
Permian Basin; Delaware Basin
Announce Date
Post Date
Estimated Price
32MM
Description
To buy Ring's Delaware Basin acreage consisting of about 20,000 net acres in Culberson and Reeves Cos., TX, currently producing 908 boe/d. (Agreement terminated Oct. 30, 2020; previously expected to close in 60 days)