trending Market Intelligence /marketintelligence/en/news-insights/trending/IYIgcmSt3PN4g_lU6DWSWw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Riviera Resources inks deal to sell East Texas properties for $34M

As COVID-19 Wears On, Regulators Examine Moratorium Extensions, Cost Recovery

Essential Energy Insights - June 11, 2020

Webinar Replay

Deep Dive on Oil & Gas for Financial Institutions

Essential Energy Insights - May 28, 2020

Riviera Resources inks deal to sell East Texas properties for $34M

Riviera Resources Inc. entered into an agreement to sell its interest in properties in the Personville field in East Texas to an unnamed buyer for $34 million.

Under the deal, the company will sell about 750 wells that had an average third-quarter net production of about 28 MMcfe/d, according to a Dec. 20 news release. Riviera Resources said it plans to use the proceeds as an addition to cash on its balance sheet.

Riviera Resources also previously signed an agreement to sell its interest in properties in the Overton field of East Texas to an undisclosed buyer for a contract price of $18.5 million and interests in properties in the Drunkards Wash field in the Uinta Basin to an undisclosed buyer for $4.5 million.

All the deals are slated to close in the first quarter of 2020. Proceeds from the asset sales plus existing cash will be used to return capital to shareholders, Riviera said.

Riviera Resources is an independent oil and gas company that operates in two segments: a gas gathering and processing business through subsidiary Blue Mountain Midstream LLC and an upstream business.