Evergreen Resources Closes $22M Kansas Property Sale to Heartland Oil and Gas Corp.
ByAinvest
Saturday, May 24, 2025 2:30 am ET1min read
PBFS--
Evergreen Resources has sold its Kansas assets to Heartland Oil and Gas Corporation for $22 million in cash. Net proceeds are approximately $21.5 million after deducting transaction costs. The sale will increase the cash merger consideration for Evergreen shareholders in the proposed merger with Pioneer Natural Resources Company, resulting in a total of approximately $0.13 per share more.
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