Argent Energy Trust (TO: AET-UN) has acquired certain oil producing assets, increased its credit facility, provided an operational update, and updated its production guidance, the company announced on Oct. 9.
Argent Energy (US) Holdings Inc., a wholly owned subsidiary, has entered into a binding agreement to acquire producing petroleum properties in Wyoming from a private company for US $105 million.
The effective date is Sept. 1. Closing is expected to occur on Oct. 25. The purchase and sale agreement contains customary conditions for acquisitions of this nature in the ...