Resolute Energy and a minority interest holder are selling natural gas gathering and water handling systems in their Appaloosa and Mustang projects in Reeves County, Texas, to an unnamed buyer for $110 million

摘要

This deal is comprised of two components: a $50 million payment for the assets in place; and up to $60 million in earn-out payments tied to field drilling activity through 2020 that will deliver gas and produced water into the system. Resolute will receive $32.85 million of the initial payment, while the minority partner in the Mustang area will receive $17.15 million.