In this photo, a BNSF Railway loaded coal train climbs out of the Powder River Basin in Wyoming as storm clouds build on the horizon. OneRock Energy Holdings LLC has completed the acquisition of Northwoods Management Co. and certain related entities in the Powder River Basin, according to an Aug. 21 press release. (Source: Shutterstock.com)
OneRock Energy Holdings LLC has completed the acquisition of Northwoods Management Co. and certain related entities in the Powder River Basin, according to an Aug. 21 press release.
The acreage and assets, which average approximately 5,000 boe/d, are in predominantly contiguous leaseholds spanning 160,000 net acres across Converse, Campbell and Johnson counties, Wyoming. The deal by private-equity firm OneRock, an investment arm of Pan Management, was initially announced in June.
With backing by Apollo, Northwoods added more than 112,000 acres in the Powder River Basin through a $500 million acquisition from SM Energy Co. in 2018.
Willkie Farr & Gallagher LLP acted as legal adviser to OneRock.
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