HOUSTON, TX -- (Marketwired) -- 12/12/14 -- Miller Energy Resources, Inc. (NYSE: MILL) ("Miller" or "the Company") today announced that it has closed 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 will immediately add approximately 600 Bopd net to Miller's production.
About Miller Energy Resources
Miller Energy Resources, Inc. is a domestic oil and natural gas exploration and production focused on Alaska. The Company's enterprises encompass 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. Miller manages its operations from Anchorage with additional administrative offices in the lower 48. The Company's common stock is listed on the NYSE under the symbol MILL.
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Source: Miller Energy Resources
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