Athlon Energy has entered into agreements with multiple, unrelated, third-party sellers to acquire certain producing properties and undeveloped acreage in Texas for USD 382 million. The properties are 100% operated with more than 90% of the total acreage concentrated in Midland and Martin counties, and the remaining acreage in Glasscock County. The acquired assets consist of 179 horizontal drilling locations spread across 6,450 net acres, 168 vertical 40-acre and 20-acre locations, 1P reserves of 11 million BOE, and total net reserve potential of approximately 90 million BOE. During May 2014, the acquired assets produced approximately 3,000 BOE/D.
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