Daybreak Oil and Gas Acquires Reabold California LLC

May 26, 2022

Daybreak Oil and Gas, Inc. completed its acquisition of Reabold California LLC, making the company a wholly owned subsidiary. The deal adds approximately 1.1 million barrels of proved oil reserves from 35 wells and current production of about 75 barrels per day, giving Daybreak significant development potential in California. Market reporting indicates the assets were acquired from Gaelic Resources Limited.

Buyers
Daybreak Oil and Gas, Inc.
Targets
Reabold California LLC
Sellers
Gaelic Resources Limited
Industry
Energy
Location
California, United States
Transaction Type
Buyout

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