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
$31.5MM
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)