The assets acquired include interests in 193 producing non-operated natural gas wells and 1,531 acres of leasehold located in Van Buren, Conway and Cleburne counties in the US state of Arkansas.
According to the company, there are about 240 future infill drilling locations identified on the leasehold.
Estimated net production from the existing producing wells is expected to be about 2.7mmcf per day in the fourth calendar quarter.
The company funded the acquisition by utilizing cash on hand and its bank credit facility.
