Latest Tom Ward Partnership Buys Alta Mesa Assets For $320 Million
Transaction Type
Basin
Midcontinent; Stack Play
Announce Date
Post Date
Close Date
Estimated Price
220MM
Description
Bought substantially all of the assets of Alta Mesa Resources and its midstream subsidiary, Kingfisher Midstream, through bankruptcy sale processes involving a renegotiation following oil price crash; includes 130,000 net-acre OK Stack Play position (90% HBP) and 30,000 boe/d of production (67% liquids).
Editor's note: Renegotiated price approved by U.S. bankruptcy court on April 8, 2020.