Athlon revealed it had signed agreementswith five unrelated third-party sellers to gain the acreage for an aggregatepurchase price of $873 million.
It will fund the deals through a combinationof borrowings under its existing revolving credit facility and equity and debtcapital markets transactions.
The properties cover 23,500 acres across Martin,Upton, Andrews, and Glasscock counties and are estimated to hold a net reservepotential of more than 250 million barrels of oil equivalent.
