- Athlon Energy (NYSE: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.