3 days Nuclear Overtakes Coal Fired Power Generation In Historic Move 3 days China Bans Tesla Use At Military Sites Over National Security Concerns 3 days Riyadh Refinery Attacked By Drones, Saudis Say Oil Supply Safe 3 days China Installed A Record-Breaking 52GW Of Wind Power In 2020 3 days UK Private Equity Firm Looks To Buy Stake In Angola s Oil Major Sonangol 3 days U.S. Threatens Nord Stream Partners With Sanctions 4 days Oil Major BP Plans UK’s Biggest Blue Hydrogen Project 4 days Subdued Chinese Demand Weakens Asia’s Spot Oil Market 4 days Climbing Yields, Stronger Dollar Weigh On Gold Prices 4 days Biden Administration To Enforce Trump-Era Sanctions On Iran Oil Shipments
Surge Energy America Announces Significant Midland Basin Acquisition
News provided by
Share this article
Share this article
HOUSTON, Jan. 31, 2021 /PRNewswire/ Surge Energy US Holdings Company ( Surge Energy or the Company ) announced in the US that it, through its subsidiary, has signed a purchase and sale agreement to acquire leasehold interest and producing wells from Grenadier Energy Partners II LLC ( GEP II ) in Howard County, TX (the Transaction ). The aggregate purchase price of the Transaction is expected to be approximately $420 million USD.
Highlights of the acquired assets include:
Average production of approximately 9,000 Boepd (approximately 75% oil)
Approximately 18,010 net leasehold acres
Operated inventory of approximately 120 high-quality, economic future drilling locations
Texas M&A: 2020 deals mostly involved lower middle-market firms bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Tailwater Capital Announces Acquisition of Tall Oak Midstream II and III
Tailwater Energy Fund III to Acquire Tall Oak Midstream III, Retain Tall Oak Name
Tailwater Energy Fund IV to Separately Acquire Tall Oak Midstream II
Tall Oak Management to Lead Both Companies
News provided by
Share this article
Share this article
DALLAS and OKLAHOMA CITY, Jan. 27, 2021 /PRNewswire/ Tailwater Capital LLC ( Tailwater or the Firm ), a private equity firm based in Dallas, today announced that it has signed definitive agreements to acquire Tall Oak Midstream II ( Tall Oak II ) and Tall Oak Midstream III ( Tall Oak III ) from EnCap Flatrock Midstream. Financial terms were not disclosed.
Send
Want the Full Article? Readers must pay to access articles older than 15 days. Articles newer than 15 days are not included in this offer. Purchase Now