Emerald Oil Enters Into Definitive Agreement to Acquire Core Delaware Basin Acreage; Increases 2015 Production and Capex Guidance
Emerald Oil, Inc. (NYSE MKT: EOX) (“Emerald” or the “Company”) today announced that it has entered into a definitive agreement with undisclosed sellers to acquire core Delaware Basin acreage in Lea and Eddy Counties, New Mexico. The total purchase price for the asset package is approximately $75.2 million in cash, and the acquisition is expected to close at the end