15th Sep 2014 10:45
LONDON (Alliance News) - Riverstone Energy Ltd Monday said Eagle Energy Exploration LLC has a definitive agreement to acquire oil and gas assets in Oklahoma's Mississippi Lime play from Fairway Resources Partners II LLC for USD195 million.
Eagle Energy Exploration is one of eight companies that the energy sector investment company has made investments in.
The properties to be acquired by Eagle Energy comprise approximately 20,000 net acres in Alfalfa, Grant and Woods counties with current production from the Mississippi Lime. It will continue to look for opportunities to expand in the Mississippi Lime Play and other unconventional formations mid-continent.
Riverstone Energy shares were down 0.3% at 897.00 pence Monday morning.
By Steve McGrath; [email protected]; @stevemcgrath1
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