Maverick Natural Resources LLC said Dec. 2 it had acquired FourPoint Energy LLC, the largest producer in the Western Anadarko Basin. In conjunction with the all-equity merger, FourPoint became a subsidiary of Maverick and was renamed Unbridled Resources LLC. Both Maverick and FourPoint are majority controlled by EIG Global Energy Partners managed funds.
RELATED:
FourPoint Energy Completes Consensual Restructuring with EIG and Merger with Maverick
The acquired assets produce approximately 50,000 net boe/d (47% liquids) from Western Oklahoma and Northern Texas. The Unbridled position spans 700,000 acres across the core of the Granite Wash and Cleveland Sand plays. The acquisition also included MidPoint Midstream LLC and Wheeler Midstream LLC, which provide midstream services in the Western Anadarko Basin.
Chris Heinson, Maverick’s CEO, commented, “The acquisition of FourPoint demonstrates Maverick’s ability to translate its best-in-class operational proficiency into significant growth.”
Heinson continued, “Over the last several years, Maverick has become a leader in reducing costs in mature assets. Maverick’s transformation process allows us to rapidly deploy technology and analytics to drive reductions in G&A and lease operating expense. By renaming FourPoint Energy to Unbridled Resources, we are signaling a shift from the traditional shale model to Maverick’s margin-focused operational strategy. These assets add to Maverick’s substantial portfolio of long-lived assets. Further, the all-equity transaction ensures the combined Company will retain a healthy financial position with a 2020 pro forma debt to EBITDA ratio of approximately 0.5x.”

Heinson concluded, “With our proven track record of safe, environmentally responsible operations and significant operational scale, we are exceptionally well-positioned to acquire additional producing assets.”
As part of the merger, EIG is adjusting the board composition to support the increased scale of the company and the plans for continued growth and strategic development. Linda Z. Cook, managing director of EIG and CEO and board member of Harbour Energy, will join the Maverick board as chairman. Jim Blackwell, an industry veteran who is also a board member of Harbour Energy, will join as well.
Gibson, Dunn & Crutcher LLP advised Houlihan Lokey as financial adviser in Maverick Natural Resources’ acquisition. The Gibson Dunn team was led by Houston partner Hillary Holmes.
Recommended Reading
Report: Permian Resources is Delaware Basin’s Most Undervalued E&P
2025-07-07 - Raymond James’ E&P analyst John Freeman last delved into the Delaware Basin in 2023. This year, Permian Resources ranked last when comparing market valuation to core, future well locations.
Occidental Pushes Midland Exploration into Strawn, Wichita-Albany
2025-05-19 - Occidental Petroleum is venturing beyond the Wolfcamp and Spraberry to explore deeper potential in the Permian Basin’s Strawn, Atoka, Wichita-Albany and Barnett formations.
Continental Prepares Full-Scale Ramp Up in Powder River’s Niobrara
2025-06-15 - With “several billion barrels of resources” left untapped in the Powder River Basin, Continental Resources is nearing full-scale development of the Niobrara Shale in Converse County, Wyoming, executives told Hart Energy in an exclusive interview.
How Longer Laterals Are Extending Bakken’s Long Life—Chord CEO
2025-06-05 - Chord Energy is drilling longer 3- and 4-mile laterals in the middle Bakken to extend inventory life—and closely watching new oily zones being tested in the Williston Basin’s stacked pay.
‘Just Frac It:’ E&Ps Find Oil, Gas Treasure Remaining in L48 Basins
2025-05-29 - Wildcatters are finding success in new Lower 48 plays including the Eagle Ford’s Pearsall, the Midland Basin’s Dean and the Utica. Continental Resources’ Harold Hamm said some plays have been picked over with little success but, “that doesn’t mean it’s not there.”
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.