BVX Operating Closes On Permian Sale

Transaction Type
Sellers
Buyers
Announce Date
Post Date
Close Date
Estimated Price
26MM
Description

Purchase of 17 producing wells on 608 acres in the Permian Basin.

BVX Operating Inc. and Falcon E&P Opportunities GP LLC have closed on the sale of 17 producing wells on 608 acres to an undisclosed buyer for $26 million.

The wells are in Andrews and Ector counties, Texas in the Permian Basin. Riviera-Ensley Energy Advisors was the marketer for the sale. Art Ensley, REA managing director, said the merger & acquisition market was expected to be as active in 2013 as it was in 2012.