Lighthouse Oil & Gas Acquires Anadarko Acreage

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Description

Bought certain producing oil and gas properties in the Anadarko Basin of Dewey, Roger Mills and Custer counties.

Lighthouse Oil & Gas LP closed the acquisition of certain producing oil and gas properties located in Dewey, Roger Mills and Custer counties in western Oklahoma.

The assets were sold by Oklahoma City-based operator Harding|Shelton Inc. and a group of other sellers. This formative transaction, supported by equity commitments from Talara Capital Management and The Energy & Minerals Group, as well as a senior secured credit facility, positions Lighthouse to execute on its business plan to further exploit the Tonkawa and Cleveland formations in the Anadarko basin using multi-stage fracture stimulated horizontal wells.

Lighthouse Oil & Gas LP is a private company with offices in Calgary and Oklahoma City.