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A&D - Bankruptcy sales emerge as key feature of YTD M&A - June 2020
As low oil prices hammer companies’ bottom lines, Section 363 sales are becoming a more prevalent feature in the US upstream space. Rockies-focused Southland Royalty received bankruptcy court approval for the $53.32 million sale of its San Juan Basin assets in New Mexico and Colorado to MorningStar Partners (PG.1). Eagle Ford producer Freedom Oil & Gas, the Houston-based operating arm of Australia-listed Freedom Oil & Gas Ltd., is selling its assets to Australian environmental......
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