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STS - Titan Energy Highlights - June 18, 2020
Titan Energy entered a restructuring support agreement May 26 with key stakeholders for the sale of its Eagle Ford assets to an undisclosed buyer. The divestment, which would comprise substantially all of Titan’s assets, is expected to generate $8.5 million in net proceeds. The assets cover 10,162 net acres in the heart of the black oil window south of the Atascosa Trough in Atascosa County, Texas. Net production as of September 2019 was 1,800......
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