Eagle Rock Energy Partners LP, Houston, (Nasdaq: EROC) plans to acquire certain fee minerals, royalties and working interest properties throughout the U.S. from Houston-based Montierra Minerals & Production LP, a portfolio company of Irving, Texas-based Natural Gas Partners VII LP and its affiliate NGP-VII Income Co-Investment Opportunities LP, for $127.6 million in cash and stock. The assets include interests in more than 2,500 wells on approximately 5.6 million gross mineral acres and 420,000 net mineral acres in 17 states. Net production is approximately 6 million cubic feet of gas equivalent per day. Net proved producing reserves are approximately 4.6 billion cubic feet of gas and 2.5 million barrels of oil.
Recommended Reading
SM Energy Adds Petroleum Engineer Ashwin Venkatraman to Board
2024-12-04 - SM Energy Co. has appointed Ashwin Venkatraman to its board of directors as an independent director and member of the audit committee.
Baker Hughes Wins Contracts for Woodside’s Louisiana LNG Project
2024-12-30 - Bechtel has ordered gas technology equipment from Baker Hughes for the first phase of Woodside Energy Group’s Louisiana LNG development.
Gigablue Enters CCS Agreement with Investment Firm SkiesFifty
2025-01-14 - Carbon removal company and investment firm SkiesFifty have partnered to sequester 200,000 tons of CO2 over the next four years.
Chevron Names Laura Lane as VP, Chief Corporate Affairs Officer
2025-01-13 - Laura Lane will succeed Al Williams in overseeing Chevron Corp.’s government affairs, communication and social investment activities.
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.
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.