Riviera Resources To Sell Michigan Properties For $44.5 Million

Transaction Type

Sellers

Riviera Resources Inc.

Buyers

Riverside Energy

Basin

Michigan Basin

Announce Date

Thu, 05/23/2019 - 12:00 PM

Post Date

May 23, 2019

Close Date

Wed, 07/03/2019 - 12:00 PM

Estimated Price

45MM

Description

Acquired interest in MI properties consisting of 1,400 net wells with 193 Bcfe proved developed reserves and proved developed PV-10 value of $38 MM.