Horizon Petroleum has announced completion of the acquisition of two concessions from San Leon subsidiaries. The company said it will acquire a total of approximately 650,000 acres in the Eagle Ford Shale and Permian Basin for an estimated cost to taxpayers of $450 million. The concessions were among five acquisitions announced in September 2017, the remaining three are expected to close within 60 days. Non-GAAP Measures In May, the Polish government gave permission for Horizon to carry out oil and natural gas activities on the sites.
Horizon Petroleum has announced completion of the acquisition of two concessions from San Leon subsidiaries. The company said it will acquire a total of approximately 650,000 acres in the Eagle Ford Shale and Permian Basin for an estimated cost to taxpayers of $450 million. The concessions were among five acquisitions announced in September 2017, the remaining three are expected to close within 60 days. In May, the Polish government gave permission for Horizon to carry out oil and natural gas activities on the sites.