Exploration & Production

Acquisitions & Divestitures

Newly Formed E&P Receives Backing To Pursue Williston Basin Strategy

Pearl Energy Investments and Natural Gas Partners agreed to partner with Eagle Mountain Energy Partners to support the newly formed E&P’s strategy focused primarily in the Williston Basin.

Hart Energy Staff

Fri, 01/31/2020 - 04:10 AM

Eagle Mountain Energy Partners LLC landed backing from a duo of capital providers to support its pursuit of “low-risk, long-lived” assets, the newly formed E&P company said in a Jan. 29 news release.

Pearl Energy Investments and Natural Gas Partners LLC (NGP) agreed to partner with Eagle Mountain to support the company’s strategy to pursue acquisition and development opportunities focused primarily in the Williston Basin. The company is also considering assets in other select oil-weighted basins in the Rockies, according to its website.

In particular, Eagle Mountain is targeting low-risk, long-lived producing assets with development upside.

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.

Looking for full access? Subscribe now

Recommended Reading

Oil Companies Idle Production as US Gulf Coast Braces for Hurricane Sally

Chevron, BP, Equinor and Murphy Oil all evacuated some offshore workers from production platforms in the Gulf of Mexico, the companies reported. Shell also curtailed production at ceftain platforms.

Twin US Gulf Coast Storms Stir Deep Production Cuts by Energy Giants

Oil and gas firms had shut wells in the U.S. Gulf of Mexico accounting for 1 million bbl/d of oil on Aug. 23, as one storm is forecast to become a damaging Category 2 hurricane.

TDI-Brooks Completes GoM Coring Program for NOAA OER Expedition

TDI-Brooks was contracted by Coastal Environments Inc. and Gray & Pipe Inc., who received funding from NOAA’s Office of Ocean Exploration and Research, for this expedition on July 1.