PrimeEnergy sells acreage in Martin County, TX

PrimeEnergy Corp. has filed a Form 8-K with the Securities Exchange Commission related to the sale of approximately 1,600 net acres in Martin County, TX. Proceeds from the sale were $30,954,488.77 which will be used to pay down part of PrimeEnergy's revolving credit facility and to help fund capital expenditures in 2017. Effective December 17, 2016, PrimeEnergy Corp. closed its office at One Landmark Square, Stamford, CT and consolidated the Connecticut operations into its Houston, TX office.

PrimeEnergy is an independent oil and gas company actively engaged in acquiring, developing and producing oil and gas, and providing oilfield services, primarily in Texas, Oklahoma, West Virginia, New Mexico, Colorado and Louisiana. The company’s common stock is traded on the Nasdaq Stock Market under the symbol PNRG.

 

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