|By Marketwired .||
|September 4, 2014 05:00 PM EDT||
DENVER, CO--(Marketwired - September 04, 2014) - Emerald Oil, Inc. (NYSE MKT: EOX) ("Emerald" or the "Company") today announced that it has closed the previously announced acquisition of core Williston Basin properties. The total consideration paid for the acreage was approximately $109 million, subject to customary closing adjustments, consisting of approximately $70.2 million in cash and the assignment of approximately 4,250 net acres located in Williams County, North Dakota.
Increase to Senior Credit Facility
In conjunction with the closing of the transaction, Emerald and its lending syndicate entered into an amendment to the Company's credit facility to increase the borrowing base under the credit facility from $100 million to $200 million. This redetermination reflects both Emerald's completion activities through the second quarter of 2014 and the transaction. The facility is currently undrawn. Emerald expects the next borrowing base redetermination to take place in October 2014.
Emerald is an independent exploration and production operator that is focused on acquiring acreage and developing wells in the Williston Basin of North Dakota and Montana, targeting the Bakken and Three Forks shale oil formations and Pronghorn sand oil formation. Emerald is based in Denver, Colorado. More information about Emerald can be found at www.emeraldoil.com.
Oct. 20, 2016 03:00 PM EDT Reads: 3,733
Oct. 20, 2016 03:00 PM EDT Reads: 5,850
Oct. 20, 2016 02:15 PM EDT Reads: 9,553
Oct. 20, 2016 02:15 PM EDT Reads: 829
Oct. 20, 2016 02:15 PM EDT Reads: 2,600
Oct. 20, 2016 01:45 PM EDT Reads: 10,911
Oct. 20, 2016 01:45 PM EDT Reads: 2,121
Oct. 20, 2016 01:45 PM EDT Reads: 7,828
Oct. 20, 2016 01:30 PM EDT Reads: 675
Oct. 20, 2016 01:30 PM EDT Reads: 5,045
Oct. 20, 2016 01:15 PM EDT Reads: 1,378
Oct. 20, 2016 01:00 PM EDT Reads: 321
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
Oct. 20, 2016 01:00 PM EDT Reads: 6,737
SYS-CON Events announced today that Coalfire will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Coalfire is the trusted leader in cybersecurity risk management and compliance services. Coalfire integrates advisory and technical assessments and recommendations to the corporate directors, executives, boards, and IT organizations for global brands and organizations in the technology, cloud, health...
Oct. 20, 2016 12:30 PM EDT Reads: 1,425
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. In the eyes of many, containers are at the brink of becoming a pervasive technology in enterprise IT to accelerate application delivery. In this presentation, you'll learn about the: The transformation of IT to a DevOps, microservices, and container-based architecture What are containers and how DevOps practices can operate in a container-based environment A demonstration of how Docke...
Oct. 20, 2016 12:15 PM EDT Reads: 1,489