Ring Energy to Acquire Stronghold for up to $465 Million
Transaction Type
Buyers
Basin
Permian Basin; Central Basin Platform
Announce Date
Post Date
Close Date
Estimated Price
465MM
Description
Acquired Stronghold Energy II Operating LLC and Stronghold Energy II Royalties LP consisting of 37,000 net acres located primarily in Crane County, TX, in the Permian Basin’s Central Basin Platform; includes strong current net production of about 9,100 boe/d (54% oil, 75% liquids).