Scandoil  

White Marlin Oil and Gas closes acquisition of Dune Energy assets


Published Aug 5, 2015
[an error occurred while processing this directive]

Edit page New page Hide edit links

White Marlin Oil and Gas Company, LLC

White Marlin Oil and Gas Company, LLC ('White Marlin') has closed the acquisition of certain properties from Dune Energy, Inc., Dune Operating Company, and Dune Properties, Inc. (collectively 'Dune') on July 27, 2015. The Dune assets were purchased in a sale pursuant to Section 363 of the United States Bankruptcy Code after Dune filed voluntary petitions for relief on March 8, 2015 under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Western District of Texas, Austin Division.

The closing of the asset sale followed the July 10, 2015 Bankruptcy Court Order approving the sale of certain Dune assets to White Marlin pursuant to the terms of the Purchase and Sale Agreement ('PSA') by and between Dune and White Marlin dated June 24, 2015. As described in the PSA, White Marlin purchased Dune's interests in the following 11 fields: Abbeville North, Bayou Couba, Chocolate Bayou, Comite, Lake Boeuf SW, Leeville, Los Mogotes, Malo Domingo, Manchester SW, Manchester W, and Toro Grande. Per the terms of the PSA, White Marlin paid $19 million for the assets. White Marlin estimates the assets were producing approximately 626 Boe/day net as of the July 1, 2015 effective date of the transaction.

Baker & McKenzie LLP represented White Marlin in the acquisition process.

Tags: Dune Energy Inc., LLC, White Marlin Oil and Gas Company




Advertisment:

Comments on this page are closed.

+ Larger Font | + Smaller Font
Top Stories

 

 

 

 


 


RSS

RSS
Newsletter
Newsletter
Mobile News
Mobile news

Computer
Our news on
your website


Facebook
Facebook
Twitter
Twitter

Contact
Contact
Tips
Do you have any
tips to us
Stats

 

sitemap xml