Canaan Natural Gas PE Funds is selling gas producing assets with liquids-rich upside in the southeast Oklahoma's Arkoma Basin to Bravo Natural Resources for $250 million. The deal includes current low decline dry gas production of 11 MMcfd from 950 operated and non-op wells in the Hartshorne coal combined with Woodford output of 22 MMcfed. CBM proved reserves are 43.3 Bcf and Woodford proved reserves are 242.7 Bcfe. The deal also provides 56,000 net......
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