RVRA: Another Asset Sale, Roan for Sale, and Valuation Thoughts

Another RVRA Asset Sale

Riviera Resources announced that the company has agreed to sell certain non-operated properties located in the Hugoton Basin in Kansas for $31MM.  The properties to be sold consist of approximately 2,300 non-operated wells located in Hugoton Basin with proved developed reserves of approximately 74 BCFE. The properties have a proved developed PV-10 of $30MM. Accordingly, the sale price / proved developed PV-10 multiple is 1.03x.

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