Surge Energy Agrees to $420 Million Midland Basin Acquisition
Transaction Type
Buyers
Basin
Permian Basin; Midland Basin
Announce Date
Post Date
Close Date
Estimated Price
420MM
Description
Bought Midland Basin leasehold interest and producing wells in Howard County, TX, in the Permian covering approximately 18,010 net acres, an operated inventory of approximately 120 future drilling locations and average production of about 9,000 boe/d (75% oil).