Oil and Gas Investor Magazine
February 3, 2020
Midland Basin independents push the drillbit farther in America’s oil-rich sweet spot.
Some deals are still getting done in the Midland Basin, writes
Oil and Gas Investor s Editor-at-Large Nissa Darbonne. For instance, longtime E&P executive Jack Hightower picked private-equity-backed Grenadier Energy Partners II LLC as the platform purchase for his SPAC, Pure Acquisition Corp., which will trade as HighPeak Energy Inc. upon closing. In the southern Midland Basin, Sequitur is focused primarily on the Wolfcamp. It has looked at data on other benches, such as the lower Spraberry, which it believes prospective across much of its leasehold. In this issue of