Juniper Capital II LP said Nov. 29 it formed a strategic partnership in the Eagle Ford Shale in South Texas with BoomTown Oil LLC.
The partnership will pursue and develop conventional and unconventional oil and gas plays across multiple basins in the Lower 48, initially focusing on the Eagle Ford.
BoomTown is led by Michael Rozenfeld and Sean Fitzgerald, who are founding partners of South Texas Reservoir Alliance.
Rozenfeld and Fitzgerald also have petrophysical and reservoir engineering experience from Shell E&P and Rosetta Resources, where they were instrumental in the identification and early entry into the Woodford Scoop, Niobrara and Eagle Ford plays, according to the release.
Based in Houston, BoomTown previously operated in eight different states in both conventional and unconventional settings where it leased or purchased more than 180,000 acres and drilled hundreds of horizontal wells, the release said.
While the company is initially focused on the Eagle Ford, BoomTown will also consider acquisition and development opportunities in other basins in the Lower 48.
BoomTown was advised by Wittliff | Cutter | Austin PLLC. Juniper was advised by Willkie Farr & Gallagher LLP.
Recommended Reading
Chevron Hunts Upside for Oil Recovery, D&C Savings with Permian Pilots
2024-02-06 - New techniques and technologies being piloted by Chevron in the Permian Basin are improving drilling and completed cycle times. Executives at the California-based major hope to eventually improve overall resource recovery from its shale portfolio.
US Gas Rig Count Falls to Lowest Since January 2022
2024-03-22 - The combined oil and gas rig count, an early indicator of future output, fell by five to 624 in the week to March 22.
US Drillers Cut Oil, Gas Rigs for Second Time in Three Weeks
2024-02-16 - Baker Hughes said U.S. oil rigs fell two to 497 this week, while gas rigs were unchanged at 121.
US Drillers Cut Oil, Gas Rigs for Fourth Week in a Row-Baker Hughes
2024-04-12 - The oil and gas rig count, an early indicator of future output, fell by three to 617 in the week to April 12, the lowest since November.
CEO: Continental Adds Midland Basin Acreage, Explores Woodford, Barnett
2024-04-11 - Continental Resources is adding leases in Midland and Ector counties, Texas, as the private E&P hunts for drilling locations to explore. Continental is also testing deeper Barnett and Woodford intervals across its Permian footprint, CEO Doug Lawler said in an exclusive interview.