Crusader Energy goes to Jones Energy for $289 million

摘要

Houston—A US Bankruptcy Court auction for troubled Crusader Energy has ended with privately held Jones Energy offering $289 million to top the bidding that disrupted a $230 million acquisition deal by SandRidge Energy signed in September. Crusader announced Austin, Texas-based Jones as the winner November 19. SandRidge had withdrawn its acquisition bid November 12 after learning that the court supervising Crusader’s reorganization was receiving higher bids (ON 11/13).