Current EPM Stock Info

Evolution Petroleum Corporation (ticker: EPM) will acquire certain oil and gas assets from an affiliate of Enduro Resource Partners LLC for a purchase price of $27.5 million. Evolution intends to fund the closing of this transaction primarily with cash on hand.

According to Evolution, the agreement includes:

A diversified package of producing properties in two primary areas:

Permian Basin (approximately 88% of estimated equivalent reserves)
East Texas and North Louisiana (approximately 12% of estimated equivalent reserve...

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