M&A
confidence high
sentiment positive
materiality 0.65
Verde Bio acquires Haynesville Shale mineral interests for $3.2M cash
VERDE BIO HOLDINGS, INC.
- Purchase price $3.2M cash; acquisition covers ~5,760 gross acres in Desoto Parish, LA.
- Producing ~$70K/month revenue from 31 active wells; 13 inactive wells likely to be reworked.
- Operated by Southwestern Energy and Diversified Energy; Verde's 19th acquisition.
- Expected close on or before May 25, 2022; effective date May 1, 2022.