FireBird Energy Acquires Midland Basin Assets from Chevron

FireBird Energy CEO Travis F. Thompson said the transaction will be company’s second major acquisition as it continues to advance its consolidation strategy.

Hart Energy Staff

FireBird Energy LLC completed an acquisition of operated assets on Dec. 30 located in the Midland Basin from Chevron U.S.A. Inc. and Chevron Midcontinent LP, marking privately held FireBird’s second major acquisition since its inception.

Based in Fort Worth, Texas, FireBird is an upstream oil and gas company focused on the acquisition and responsible development of assets in the Midland Basin of the Permian. The company, which, according to its website, made a significant acquisition of producing properties in the western Midland Basin at the time of its founding in 2019, is backed by RedBird Capital Partners and Ontario Teachers’ Pension Plan.

Pro forma for the Chevron transaction on Dec. 30, FireBird will have about 72,000 gross acres in the western Midland Basin and about 11,500 boe/d of production.

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