Ring Energy said it would buy approximately 3,600 net acres in Ector County, Texas from Founders Oil & Gas IV LLC.
The purchase of Stronghold Energy II allows Ring to keep its focus on mature, conventional assets in the Permian’s Northwest Shelf and Central Basin Platform.
Here’s a snapshot of recent energy deals including SilverBow Resources adding a new Webb County position in South Texas plus the acquisition of core Permian Basin acreage by U.S. Energy Development Corp. for more than $60 million.
Here’s a snapshot of recent energy deals including EQT’s monster $5.2 billion acquisition plus the acquisition of NorTex Midstream by Williams in a $423 million transaction.
Here’s a snapshot of recent energy deals including the sell of Aera Energy, one of California’s largest oil and gas producers, by Exxon Mobil and Shell plus the debut of Permian Resources Corp.
Ring Energy announced in July an agreement to acquire Stronghold Energy II Operating LLC and Stronghold Energy II Royalties LP for up to $465 million.
Here’s a quicklist of oil and gas assets on the market including a BLM Nevada geothermal lease sale covering roughly 232,500 acres plus an Eagle Resources Group Mississippi Lime package.
Here’s a snapshot of recent energy deals including the acquisition by ConocoPhillips of a stake in a Texas LNG project plus a $307 million stock-for-stock deal by Houston’s VAALCO Energy.
Here’s a quicklist of oil and gas assets on the market including an Abraxas Petroleum Delaware Basin opportunity in Pecos County, Texas, plus an Excess Energy multibasin royalty divestiture.
Founders Oil and Gas retained TenOaks Energy Advisors for the sale of its operated Central Basin Platform assets within the Permian Basin in Ector and Crane counties in West Texas.