Interesting deal. Quite large, nearly doubles the companies production. These are typical E&P MLP assets. Low decline rates and high PDP.
Assets are in basins off the beaten path. Black Warrior Basin assets and Raton Basin. Not a lot of drilling opportunities on these assets but as we all know, they have ample opportunities in other basins.
Will have to listen to the conference call before I decide if I am thrilled with this deal.