Announced
Completed
Financials
Tags
Completed
Majority
United States
Private
Single Bidder
Domestic
exploration assets
Integrated Oil and Gas
Friendly
Acquisition
Synopsis
Citizen Energy, an oil and natural gas exploration company, completed the acquisition of Red Bluff Resources, an operator of a private exploration and production company, and Bricktown Energy, a private exploration and production company, $151m. The acquisition will generate a 18% increase in Citizen’s daily production and includes an additional ~13k BOEPD, 200 operated wells, and 739 non-op wells.
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