Current HNR Stock Info

On March 22, 2011, Harvest Natural Resources (ticker: HNR) announced it sold all of its Utah oil assets to an affiliate of Newfield Exploration Company (ticker: NFX) for $215 million in cash. The sale has an effective date of March 1, 2011 and is expected to close in May 2011, subject to customary adjustments at closing.

The sale includes 69,000 gross (47,600 net) acres in which Harvest owned an overall working interest of approximately 70%, proved reserves of 4.6 MMBOE and wells operated by both Harvest and Newfield that were producing an ave...


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