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A&D - Riviera makes Hugoton Basin exit in $295MM sale to Scout - August 2019
Linn Energy spinoff Riviera Resources announce its final sale of Hugoton Basin assets for $295 million. According to Enverus field intelligence, the buyer is private investment manager Scout Energy Partners. The assets include ~4,000 wells with Q2 net production of 104 MMcfe/d. According to marketing materials, the position covers 1 million net acres in southwest Kansas and Oklahoma with an operated 97% WI (85% NRI) and 771 Bcfe of PDP reserves. The deal is......
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