Announced
Completed
Financials
Tags
United States
Integrated Oil and Gas
oil and gas
Domestic
Majority
Friendly
Single Bidder
Acquisition
Private
Completed
Synopsis
Petro-Hunt, an oil and gas exploration firm, completed the acquisition of Admiral Permian Resources Operating, an oil and gas firm. Financial terms were not disclosed. Current gross operated production from the assets being acquired is approximately 7k bopd and 100 mmcfpd on 21.4k net acres of leasehold. Petro-Hunt plans to commence an active development drilling program on these assets later this year.
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