Deal: Tug Hill buys assets from Stone Energy


[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”).

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