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ClosedPublished 15 Mar 2022

Alpha Energy, Inc. /
Coral Project

Alpha Energy closes on Oklahoma oil and gas assets

Terms
Not stated
Stage
Closed
Source · 15 Mar 2022
See the source
01 / BuyerAlpha Energy, Inc.
02 / TargetCoral Project
01

What happened

Alpha Energy, Inc. closed a deal with Progressive Well Service, LLC for the Coral Project, a group of 31 oil and gas assets in Oklahoma. Five of the well bores are active.

The terms include a cash payment of six hundred thousand dollars ($600,000.00), less certain prior payments and adjustments. Progressive is also entitled to a share of net revenue from new wells until it receives an additional three hundred and fifty thousand dollars ($350,000.00).

02

The source

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01
Source · Source

Alpha Energy closes on Oklahoma oil and gas assets

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03

Timeline

Every date the source states, in order. Anything marked ahead is a target the source gives, not something that has happened.

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