On August 3, 2016, Newfield Exploration (ticker: NFX) announced the signing of two separate purchase and sale agreements to divest all of its assets in the Maverick Basin of Texas for $390 million.

The transaction is expected to close in the third quarter of 2016 and covers 35,000 acres of unconventional and conventional assets in Dimmit and Atascosa counties.

EnCap-backed Protégé LLC signed the agreement to acquire a package of Eagle Ford assets while an undisclosed party signed the sales agreement for the South Texas conventional natura...


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