WildHorse Resource Development Corporation Announces Divestment of North Louisiana Assets and Acquisition of Lee County Properties – Dallas Business Journal

HOUSTON–(BUSINESS WIRE) WildHorse Resource Development Corporation (NYSE:WRD) announced today that it has executed a definitive purchase and sale agreement to divest its North Louisiana assets to a third party for consideration of approximately $217 million, subject to customary purchase price adjustments. Additionally, WRD could receive contingent payments of up to $35 million based on the number of wells spud by the buyer on the North Louisiana assets over the next four years. This transaction, which is subject to customary closing conditions, is expected to close on or about March 30, 2018 and has an effective date of January 1, 2018 WRD’s North Louisiana assets are primarily located in Webster, Claiborne,… Read More

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Texas housing market finally sees increase in inventory — even Dallas

For the first time since 2011, housing inventory is up across Texas. The story right now in the Texas housing market: quarterly gains in inventory for the first time in three years, according to the latest report from the Texas Association of Realtors. Because of a housing shortage in 2014, Texas has not seen the double-digit home sales growth it did last year — but it certainly saw increases in home prices. “This new increase in inventory is promising,” said Dan Hatfield, chairman of the Texas Association of Realtors, in a release. “However, home sales volume continues to keep pace with 2013 — the second-best year ever for Texas real… Read More

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