Miller Energy Completes Acquisition Of Savant Alaska - Quick Facts

(RTTNews) - Miller Energy Resources, Inc. (MILL) announced the closing of its acquisition of Savant Alaska, LLC for a net cash price of $6.5 million, after adjustment for the May 1, 2014 effective date. This acquisition would immediately add around 600 Bopd net to Miller's production.

The company deals with domestic oil and natural gas exploration and production focused on Alaska. The firm's enterprises include production and reserves onshore and offshore in the Cook Inlet area as well as the North Slope, approximately 100MBPD of storage and processing infrastructure, the Osprey offshore production platform, oil and gas pipelines and four owned drilling rigs.