Lighthouse Oil & Gas Acquires Anadarko Acreage

Transaction Type
Sellers
Announce Date
Post Date
Close Date
Estimated Price
0MM
Description

Bought certain producing oil and gas properties in the Anadarko Basin of Dewey, Roger Mills and Custer counties.

Lighthouse Oil & Gas LP closed the acquisition of certain producing oil and gas properties located in Dewey, Roger Mills and Custer counties in western Oklahoma.

The assets were sold by Oklahoma City-based operator Harding|Shelton Inc. and a group of other sellers. This formative transaction, supported by equity commitments from Talara Capital Management and The Energy & Minerals Group, as well as a senior secured credit facility, positions Lighthouse to execute on its business plan to further exploit the Tonkawa and Cleveland formations in the Anadarko basin using multi-stage fracture stimulated horizontal wells.

Lighthouse Oil & Gas LP is a private company with offices in Calgary and Oklahoma City.