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STS - Freedom Oil & Gas Highlights - June 18, 2020
Eagle Ford producer Freedom Oil & Gas joined the ranks of E&P firms selling assets via Section 363 processes after filing for Chapter 11 bankruptcy. It plans to sell its assets to stalking-horse bidder Sendero Resources, an Australian environmental services company, for $4.27 million. Freedom holds 2,682 net acres in Dimmit County, Texas, including 120 acres of fee surface ownership. Net production in Q4 was 2,112 boe/d (60% oil, 22% NGLs) from 18 wells......
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