Ridgemont Equity, Unitex Acquire Assets In West Texas
January 30, 2013
Ridgemont Equity Partners have formed a new partnership with Unitex Oil and Gas’ management team.
The partnership has closed on their first acquisition of conventional oil assets in Scurry County, Texas. The financial terms of the Scurry County transaction were not disclosed.
Unitex is an upstream E&P company and is headquartered in Midland, Texas. The company seeks to create value through optimizing operations and increasing production through workovers and the drillbit. The company will target acquisitions in and around the Midland Basin. The Scurry County acquisition fits well with the ...
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