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Montare Resources I, LLC

Company Summary

Description

Montare is a newly organized entity formed for the sole purpose of acquiring, owning and operating the oil and gas properties or interests therein owned by the Trust and Avalon. Montare is owned indirectly by various oil and gas investors. The President and CEO of Montare is Dickie D. Hunter.

Recent news

  • 10/15/2020 - SandRidge Permian Trust... (subscriber access)
  • 8/28/2020 - PEDEVCO Interested in... (subscriber access)
  • 8/28/2020 - Montare Resources Enters... (subscriber access)

Company Transactions

Date: 10/15/2020
Type: Acquisition

BUYERS:
  • Montare Resources I, LLC
    • SELLERS:
  • Avalon Energy, LLC
  • SandRidge Permian Trust
    • DETAILS:

    COST: 4.9 $MM

    NOTES:
    Avalon Energy (the sponsor of the Trust) has sold off certain wells and leasehold interests to Montare Resources. SandRidge will net $4.9 million from the sale and the deal represented 31.8% of the total fair value of royalty interests owned by the Trust.
    REGIONS:
  • Permian Basin