Athlon Energy acquires Midland Basin assets for $873M

|About: Athlon Energy Inc. (ATHL)|By:, SA News Editor

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.