2008-09-02-2008-01-09-2008-01-09

Acquired properties on TX Gulf coast, the Permian Basin and OK Midcontinent.

Lime Rock Resources, Houston, has acquired properties on the Texas Gulf Coast, and in the Permian Basin and Midcontinent in three deals from multiple undisclosed sellers for a total of $244 million. The assets are in Texas, New Mexico and Oklahoma. Lime Rock is operator. Reserves and production were not disclosed. Lime Rock managing director Eric Mullens says, "While it is just a coincidence that these three transactions closed at nearly the same time, their diversity testifies to our flexible, creative approach. None of the transactions was a straightforward process, and we are gratified that we were able to work with the sellers of all three properties to reach the best agreement for all involved. These somewhat nonstandard transactions were particularly pleasing to complete in this difficult, competitive market." The company is actively seeking additional acquisitions in these regions. They currently hold operated and nonoperated interests in these core areas as well as in East Texas. Lime Rock manages $2.1 billion of private capital for the energy industry.