Lime Rock Resources Kicks Off 2022 with Back-to-back Acquisitions

Lime Rock Resources brought its total property acquisitions in the last four months to over $850 million with back-to-back deals for Abraxas’ Williston position and Eagle Ford properties from a private seller.

Lime Rock Resources Kicks Off 2022 with Back-to-back Acquisitions

The nearly one billion dollars of acquisitions in the last several months signal “changing market dynamics and a robust opportunity set,” says Lime Rock Resources Chairman and CEO Eric Mullins. (Source: Hart Energy)

Lime Rock Resources is starting off the year with a pair of acquisitions worth $358.5 million that Chairman and CEO Eric Mullins said signals changing market dynamics for upstream A&D.

With a sole focus on acquiring producing oil and gas properties in the U.S., Lime Rock Resources has made over 25 major acquisitions since its inception in 2005. However, until last October, the Houston-based company had been laying low since 2019, according to Mullins.

“We have been patient, acquiring only one small overriding royalty interest in the two years before this past October,” he commented in a company release on Jan. 4.

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Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.