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GMX To Sell 14.8 Bcf In VPP Deal With French Power Conglomerate

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December 1, 2011

EDF Trading North America LLC, the trading group for French-owned power conglomerate EDF SA, plans to acquire an overriding royalty interest in certain long-lived producing assets in the Haynesville Bossier layer in East Texas from GMX Resources Inc., Oklahoma City, (NYSE: GMXR) for $50 million in a volumetric production payment deal.

The VPP concerns assets in ...

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