Boaz Energy II has completed the sale of PermRock Royalty Trust’s underlying oil and gas properties to T2S Permian Acquisition II LLC. (Source: Shutterstock)
Boaz Energy II LLC and its affiliate Boaz Energy II Royalty LLC has completed the sale of PermRock Royalty Trust’s underlying oil and gas properties to T2S Permian Acquisition II LLC, PermRock said March 31. The sale was announced in January.
The assets include 31,354 gross (22,394 net) acres across four operating areas in the Permian Basin—Clearfork, Abo, Shelf and Platform, according to a March 28 10-K filing with the Securities and Exchange Commission.
Boaz Energy, which had been the owner-operator of the properties, intends to help facilitate the transfer of operations to T2S, PermRock said.
Natural gas from the properties is sold to third-party purchasers. In 2024, Boaz Energy sold natural gas to Phillips 66, Plains All American Pipeline, Energy Transfer Partners and Enterprise Crude Oil LLC, among others.
Recommended Reading
BlackRock CEO: US Headed for More Inflation in Short Term
2025-03-11 - AI is likely to cause a period of deflation, Larry Fink, founder and CEO of the investment giant BlackRock, said at CERAWeek.
Michael Hillebrand Appointed Chairman of IPAA
2025-01-28 - Oil and gas executive Michael Hillebrand has been appointed chairman of the Independent Petroleum Association of America’s board of directors for a two-year term.
Independence Contract Drilling Emerges from Chapter 11 Bankruptcy
2025-01-21 - Independence Contract Drilling eliminated more than $197 million of convertible debt in the restructuring process.
Plains All American Prices First M&A Bond of Year
2025-01-13 - U.S. integrated midstream infrastructure company Plains All American Pipeline on Jan. 13 priced a $1 billion investment-grade bond offering, the year's first to finance an acquisition.
More Players, More Dry Powder—So Where are the Deals?
2025-03-24 - Bankers are back and ready to invest in the oil and gas space, but assets for sale remain few and far between, lenders say.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.