Eagle Rock Energy Partners LP, Houston, (Nasdaq: EROC) plans to acquire Houston-based Escambia Asset Co. LLC and privately held Houston-based Redman Energy Holdings LP. In another deal, it has acquired certain assets of Odessa, Texas-based MacLondon Energy LP. The three deals are for a total $420 million in cash and equity. The Escambia assets include 33 operated wells in Escambia County, Alabama. The assets include two treating facilities, a gas-processing plant and related gathering systems. Net production is 3,300 barrels of oil equivalent per day. Proved reserves are 12.2 million barrels equivalent (89% proved developed producing). The Redman assets include Redman Energy Holdings LP and Redman Energy Holdings II LP and certain assets owned by affiliate NGP Income Co-Investment Opportunities Fund II LP that include 76 operated and 95 nonoperated wells mainly in East and South Texas. Production is 1,810 barrels equivalent per day. Proved reserves are 8.3 million barrels equivalent (78% proved developed producing). The MacLondon assets include certain mineral and royalty interests in approximately 1,200 wells in various U.S. states in which Eagle Rock gained interest following its acquisition of Houston-based Montierra Minerals & Production LP in May. Net production is 21 barrels of oil and 780,000 cubic feet of gas per day.
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