Text Size:
A | A

East Texas Buda-Rose Acreage Fetches Handsome Price From ENXP

Text Size: A | A
By Darren Barbee, Hart Energy
June 17, 2014

Energy & Exploration Partners Inc. (ENXP) intends to acquire 18,300 net acres in Houston and Madison counties, Texas from TreadStone Energy Partners LLC, a Kayne Anderson Energy Funds portfolio company.

The $715 million acquisition, announced June 16, includes net production of 8,430 barrels of oil equivalent per day (boe/d), of which 82% is oil, 30 square miles of 3-D seismic data and a three-well salt water disposal system.

In 2012, TreadStone’s assets included more than 20,000 acres in two prolific oil- and rich-gas-producing field areas in Leon, Houston and Madison ...

Already a subscriber? Log In
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription