WildHorse Resource Development Corporation (NYSE:WRD) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01. Completion of Acquisition or Disposition of Assets.

On March29, 2018, WildHorse Resource Development Corporation (the “Company”), through its wholly owned subsidiary, WildHorse Resources II, LLC, a Delaware limited liability company, completed the previously disclosed sale of certain producing and non-producing oil and natural gas properties (including the Oakfield gathering system) in Harrison, Milam, Panola, Robertson, and San Augustine Counties, Texas and Bienville, Bossier, Cado, Claiborne, De Soto, Jackson, Lincoln, Ouachita, Red River, Sabine, and Webster Parishes, Louisiana to Tanos Energy Holdings III, LLC for a total net sales price of approximately $206.4million (the “NLA Divestiture”), including $21.7million previously received as a deposit and customary preliminary purchase price adjustments of $10.6million primarily related to the net cash flows from the effective date to the closing date. This disposition does not qualify as a discontinued operation.

Item 2.01. Regulation FD Disclosure.

On March29, 2018, the Company issued a press release announcing, among other things, the closing of the NLA Divestiture and 2018 financial and operational guidance.The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 2.01.

The information in this Item 2.01, including the attached Exhibit 99.1, is being “furnished” to General Instruction B.2 of Form 8-K and shall not be deemed to be “filed” for purposes of Section18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and is not incorporated by reference into any Company filing, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

(b) Pro Forma Financial Information.

The unaudited pro forma condensed consolidated balance sheet of the Company as of December31, 2017 and the unaudited condensed consolidated pro forma statement of operations for the year ended December31, 2017, including notes thereto, which gives effect to the NLA Divestiture, are attached hereto as Exhibit 99.2 and incorporated herein by reference.

(d) Exhibits.

1

WildHorse Resource Development Corp Exhibit
EX-99.1 2 d561598dex991.htm EX-99.1 EX-99.1 Exhibit 99.1      News    For Immediate Release WildHorse Resource Development Corporation Announces Closing of North Louisiana Divestiture and Completes Borrowing Base Redetermination HOUSTON,…
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About WildHorse Resource Development Corporation (NYSE:WRD)

WildHorse Resource Development Corporation is a holding company. The Company is an independent oil and natural gas company. The Company is focused on the acquisition, exploitation, exploration and development of oil, natural gas and natural gas liquid (NGL) resources in the United States. Its assets are characterized by concentrated acreage positions in Southeast Texas and North Louisiana with multiple producing stratigraphic horizons, or stacked pay zones, and single-well rates of return. In Southeast Texas, it operates in Burleson, Lee and Washington Counties where it primarily targets the Eagle Ford Shale (Eagle Ford Acreage), which is an active shale trends in North America. In North Louisiana, the Company operates in and around the Terryville Complex, where it primarily targets the overpressured Cotton Valley play (North Louisiana Acreage). The Company’s subsidiaries include WildHorse Resources II, LLC (WildHorse) and Esquisto and Acquisition Co.

WildHorse Resource Development Corporation (NYSE:WRD) Recent Trading Information

WildHorse Resource Development Corporation (NYSE:WRD) closed its last trading session up +0.15 at 18.49 with shares trading hands.