What Happened to Alta Mesa Resources, Inc.?
Return
0.0%
Current Price
$0
Peak Price
â
Trust Size
$499M
Summary
Alta Mesa was an oil and gas exploration company focused on the STACK play in Oklahoma. The company went public via SPAC merger with Silver Run Acquisition Corp II in 2018 in a $3.8 billion deal. Alta Mesa filed for Chapter 11 bankruptcy in September 2019 after taking a $3 billion write-down.
What Happened
Silver Run Acquisition Corp II merged with Alta Mesa Holdings in February 2018, combining Alta Mesa's Oklahoma assets with Kingfisher Midstream. The deal was valued at $3.8 billion but the assets were overvalued. Within months, Alta Mesa took a $3 billion write-down on the acquired assets. The company filed for Chapter 11 in September 2019, making it one of the earliest major SPAC failures.
Timeline
2018-01-19
Merger Proxy Filed (DEFM14A)
2018-04-06
S-1 Registration Filed
2020-04-15
Last SEC Filing