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A&D - Eagle buys bankrupt O’Benco’s East Texas assets for $27MM - October 2019
Dallas and Wichita Falls, Texas-based Eagle Oil & Gas Co. acquired nearly all the assets of O’Benco IV LP, the company told Enverus. Eagle placed a successful bid of $26.95 million, which it called an extremely attractive valuation for the East Texas asset, at a live auction in Houston in mid-August. O’Benco IV, which filed for bankruptcy June 3, was the most recent partnership of Shreveport, Louisiana-based O’Brien Resources. Eagle said it picked up......
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