EnergyNet has been retained to market the assets.
The acquired facilities are located in the Midland Basin of West Texas in Reagan and Upton counties.
The dropdown acquisition includes two crude oil rail facilities and pipeline assets.
The Oil & Gas Asset Clearinghouse has been selected to exclusively market the assets.
The acquisition boosts the Watford City, N.D.-based company’s total freshwater sources to more than 150 locations.
The Oil & Gas Asset Clearinghouse is the exclusive marketer for the assets.
The sale was made in conjunction with France's Total SA, which also sold its 25% interest in CGS.
The acquisition included 148,250 hp of hydraulic fracturing equipment.
Aspect Energy LLC is offering for sale several large working interest packages along Louisiana’s Gulf Coast.
BOEM estimates the proposed lease sale could result in the production of 460-894 MMbbl of oil and 1.9-3.9 Tcf of natural gas.
The transaction is expected to close in late November.
At closing, Flatonia will own a 21.4% equity interest in the combined company, while Oak Valley and the current Earthstone stockholders will own 66.0% and 12.6%, respectively.
|E&P||USD 5375||Members only||Chesapeake Energy Corp.|
|Mid||USD 2500||Members only||QEP Resources Inc.|
|S&S||USD 225||Members only||CRS Proppants LLC|
|Mid||USD 470||Members only||Costar Midstream LLC|