EnergyNet.com Inc. has been retained to handle the divestiture.
Sayer Energy Advisors has been engaged to assist with the sale.
The Oil & Gas Asset Clearinghouse has been selected to exclusively market the assets.
The sale closed in early December.
'The market's recent turbulence has provided us an opportunity to focus our efforts on acquiring assets with good, long-term development potential at favorable pricing," said CEO Allen Wilson.
EnergyNet has been retained by Chevron and its subsidiaries to handle the transactions.
Sayer Energy Advisors has been engaged to assist the board of directors with the process.
The transaction is scheduled to close Jan. 31.
There are 35,600 fee title acres.
Oil companies are retreating from high-cost projects and selling assets across the globe as crude’s six-month slump of more than 50% erodes profit, Bloomberg said.
EnergyNet.com Inc. has been retained to handle the divestment.
Matador agreed to pay about $37.4 million in cash including assumed debt.
|Mid||USD 18000||Members only||Regency Energy Partners LP|
|Mid||USD 3000||Members only||Hiland Partners LP|
|E&P||USD 37.4||Members only||Harvey E. Yates Co.|
|S&S||USD 1700||Members only||Eurasia Drilling Co. Ltd.|