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A&D - Southern expands core Southeast US position for $22MM - May 2019
Calgary-based Southern Energy Corp., which changed its name from Standard Exploration Ltd. in December, acquired assets in Mississippi from an undisclosed arm’slength company for $22 million. The company said the deal is a significant step toward its goal of reaching 10,000 boe/d of production in the next 18-24 months as it pursues the development of light oil and natural gas resources in Mississippi, Alabama and Louisiana. The deal increases Southern’s production by 65% to 15 MMcfe/d (10% liquids) through the addition......
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