Alta Mesa terminates Eagle Ford PSA

Alta Mesa Holdings LP has terminated a purchase and sale agreement with ReOil Eagle I LLC related to the divestiture of Alta Mesa's Eagle Ford shale play assets.

On Jan. 29, Alta Mesa notified ReOil Eagle I LLC that it was terminating the PSA due to ReOil's failure to deposit initial negotiated funds into an escrow account and for non-fulfillment of certain other obligations in the agreement.

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