[Context: Quantum Energy Partners-backed Tug Hill is acquiring assets in Pennsylvania and West Virginia from Stone Energy Corporation (NYSE: SGY) for $360m. The sale was disclosed on December 9 in press release. Stone Energy is undergoing an restructuring.]
From Stone Energy’s press release:
On October 20, 2016, the Company entered into a purchase and sale agreement (the “PSA”) with TH Exploration III, LLC, an affiliate of Tug Hill, Inc. (“Tug Hill”).