Seeking Alpha

Athlon Energy acquires Midland Basin assets for $873M

  • Athlon Energy (ATHL) says it has entered into multiple agreements with five unrelated third-party sellers to acquire producing properties and undeveloped acreage for a combined $873M.
  • The properties are concentrated primarily on the western side of the northern Midland Basin in Texas in proximity to ATHL's existing operating areas.
  • Current net production of the assets is ~4,800 boe/day (67% oil); net proved reserves of 31M boe.
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