Covey Park Buys haynesville/Bossier Assets
Interesting...
EP Energy (NYSE:EPE), an independent exploration and production company, disclosed in a regulatory filing that it has entered into a purchase and sale agreement with Covey Park Gas LLC to sell substantially all of their assets located in the Haynesville and Bossier shales. The total consideration is $420 million in cash, subject to customary adjustments. Covey Park Gas delivered into escrow a deposit of $21 million in connection with the execution of the agreement.
http://sonoranweeklyreview.com/ep-energy-sells-assets-in-haynesvill...
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Replies to This Discussion
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Permalink Reply by Skip Peel - Mineral Consultant on -
JHH, your discussion duplicates and earlier discussion post.
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Permalink Reply by JHH on
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Hey Kathy... Covey Park got our PV minerals too. So far they've been good operators.
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Permalink Reply by Skip Peel - Mineral Consultant on
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Kathy, I suspect what CP sees is a bargain based on the proved reserves.
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Permalink Reply by JHH on
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kathy... will you post or send some details on this wells. Family has land leased by CP in southern Harrison and northern Panola.
thanks, jh
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Permalink Reply by JHH on
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no worry... i know someone who knows the RR commission website backwards and forwards. don't think we have any minerals in that area... but checking anyway. thanks for the alert.
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Permalink Reply by jffree1 on
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The first new Haynesville permits in Harrison Co. since 2012:
Marsh Gas Unit #2H and Marshall Gas Unit #2H are on the same pad in the J. L. Chambers Survey, Section 315, A-188.
(plats attached)
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The first new Haynesville permits in Harrison Co. since 2012:
Marsh Gas Unit #2H and Marshall Gas Unit #2H are on the same pad in the J. L. Chambers Survey, Section 315, A-188.
(plats attached)
- Attachments:
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Marsh Gas Unit #2H.jpg, 1.6 MB -
Marshall Gas Unit #2H.jpg, 2.2 MB
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