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American Energy to Acquire Three Oil and Gas Operators in PA and WV American Energy Partners, Inc.
via NewMediaWire American Energy Partners, Inc. (“
American Energy”) (PINK: AEPT), a diversified energy company, is excited to announce the Agreement to acquire three existing oil and gas operators in Western Pennsylvania and West Virginia. The transaction is valued in excess of $10,800,000. American Energy will acquire 100% of the stock and units of the three companies. Under the terms of the Agreement the transaction will be funded with a mix of debt and equity.
Highlights include:
Represents an increase in annualized revenue of approximately $2,000,000 beginning in Q3 2021 based on current strip pricing;