Warren Resources, Inc.NASDAQ
Jul. 7, 2014, 7:35 AM
- Warren Resources (WRES) agrees to acquire essentially all of the Marcellus assets of Citrus Energy Corp. and two working interest owners for $352.5M.
- WRES says the deal gives it a new platform in the Marcellus Shale, adds a new core area to its existing California oil and Wyoming natural gas assets, and will generate substantial cash flow to fund future drilling and completion expenses in the Marcellus.