Legend Natural Gas

Surge Energy America Announces Significant Midland Basin Acquisition

Retrieved on: 
Sunday, January 31, 2021
Vinson & Elkins, Surge, Legend Natural Gas

HOUSTON, Jan. 31, 2021 /PRNewswire/ --Surge Energy US Holdings Company ("Surge Energy" or the "Company") announced in the US that it, through its subsidiary, has signed a purchase and sale agreement to acquire leasehold interest and producing wells from Grenadier Energy Partners II LLC ("GEP II") in Howard County, TX (the "Transaction").

Key Points: 
  • HOUSTON, Jan. 31, 2021 /PRNewswire/ --Surge Energy US Holdings Company ("Surge Energy" or the "Company") announced in the US that it, through its subsidiary, has signed a purchase and sale agreement to acquire leasehold interest and producing wells from Grenadier Energy Partners II LLC ("GEP II") in Howard County, TX (the "Transaction").
  • "This acquisition is consistent with our strategy of building a long-term, sustainable oil and gas company," stated Chief Executive OfficerLinhua Guan.
  • Legal advisors included Thompson & Knight LLP for Surge Energy and Vinson & Elkins LLP for GEP II.
  • Surge Energy US Holdings Company is an independent oil and natural gas company focused on the development, exploitation, production and acquisition of oil and natural gas reserves in the Midland Basin of West Texas, one of three primary sub-basins of the Permian Basin.

DoublePoint Energy and Double Eagle Energy Holdings Announce Upsized Borrowing Base Commitment Alongside Existing Equity Commitment for Investment in Oil & Gas Assets in the Permian Basin

Retrieved on: 
Monday, April 6, 2020
Energy, Other Energy, Oil, Gas, Geology of the United States, Geology of North America, Petroleum in the United States, Permian Basin, TPH Partners, Legend Natural Gas, Double Eagle Energy, FourPoint Energy, Apollo, Magnetar Capital, Quantum Energy Partners, GSO Capital Partners LP

This increase along with over $750 million of undrawn existing equity commitments provides significant capital to continue to pursue high-quality opportunities in the Permian Basin.

Key Points: 
  • This increase along with over $750 million of undrawn existing equity commitments provides significant capital to continue to pursue high-quality opportunities in the Permian Basin.
  • DoublePoint Energy, headquartered in Fort Worth, Texas, is led by the Double Eagle management team, with Cody Campbell and John Sellers serving as Co-Chief Executive Officers.
  • The team has a long commercial track record and is well established as a premier operator in the Permian Basin.
  • Double Eagle is a Fort Worth, Texas-based energy company focused on acquiring and developing oil and gas assets throughout the Permian Basin.

KKR and Western Natural Resources Form Partnership to Pursue Oil and Gas Investments in Williston Basin

Retrieved on: 
Monday, May 20, 2019
Energy, Oil, Gas, Professional services, Finance, Geology of Montana, Geology of North Dakota, Geology of Saskatchewan, Williston Basin, Geology of the United States, Kohlberg Kravis Roberts, Geology of North America, Environment of the United States, Encana, Legend Natural Gas

KKR, a leading global investment firm, and Western Natural Resources, LLC ("Western") today announced a new partnership to acquire producing and undeveloped oil and gas assets in the Williston Basin.

Key Points: 
  • KKR, a leading global investment firm, and Western Natural Resources, LLC ("Western") today announced a new partnership to acquire producing and undeveloped oil and gas assets in the Williston Basin.
  • Westerns CEO Heath Mireles and his team bring extensive operating experience to the partnership, having drilled, completed and operated thousands of wells over the Williston Basins long history.
  • Western is a private company focused on the acquisition and exploitation of upstream oil and gas assets.
  • Headquartered in Oklahoma City, Oklahoma, its primary objective is to build and operate a large-scale portfolio of producing oil and gas wells and drilling locations in the Williston Basin.

Ridgemont Equity Parnters and Hatch Resources Form Partnership to Invest in Oil and Gas Assets in the Permian Basin

Retrieved on: 
Sunday, February 10, 2019
Energy, Oil, Gas, Professional services, Finance, Geology of the United States, Geology of North America, Petroleum in the United States, Permian Basin, Legend Natural Gas, WPX Energy, Energy, Oil, Gas, Professional services, Finance, Geology of the United States, Geology of North America, Petroleum in the United States, Permian Basin, Legend Natural Gas, WPX Energy, Energy, Oil, Gas, Professional services, Finance, Bank of America, Ridgemont Equity Partners, Economy of the United States, Companies, Legend Natural Gas

Headline of release dated January 29, 2019 should read: Ridgemont Equity Partners and Hatch Resources...(instead of: Ridgemont Equity Parnters and Hatch Resources...)

Key Points: 
  • Headline of release dated January 29, 2019 should read: Ridgemont Equity Partners and Hatch Resources...(instead of: Ridgemont Equity Parnters and Hatch Resources...)
    Hatch Resources (Hatch), a newly formed oil and gas exploration and production company based in Austin, TX, and Ridgemont Equity Partners, a middle market buyout and growth equity firm, today announced a partnership to pursue the acquisition of oil and gas assets in the Permian Basin.
  • Hatch was formed by a senior team with extensive sub-surface, land and business development experience in the Permian Basin.
  • The team has been directly involved in acquiring approximately $4 billion in oil and gas assets over the past three years.
  • Prior to founding Hatch, the management team served in various roles at Venado Oil & Gas, Black Oak, Carrizo Oil & Gas, and Callon Petroleum.