Lime Rock Resources announced a Permian Basin acquisition on July 26 described by the company’s top executive as a “unique opportunity” created by recent volatility.

“The high volatility in the energy business over the last 18 months has created some unique opportunities in the oil and gas property market,” commented Eric Mullins, chairman and CEO of Lime Rock Resources, in a company release.

“This acquisition is one of those opportunities,” Mullins continued, “which fits quite well the Lime Rock Resources acquisition strategy.”

Already have an account? Log In

Thanks for reading Hart Energy.

Sign Up now to get unmatched coverage of the oil and gas industry’s entire landscape.

Free Access