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Energy & Exploration Partners announces Buda-Rose acquisition

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A. Lee Graham

Reporter

Energy & Exploration Partners Inc. of Fort Worth has agree to acquire 18,300 net acres in Houston and Madison Counties from TreadStone Energy Partners LLC, a Kayne Anderson Energy Funds portfolio company, for about $715 million, subject to customary purchase price adjustments.

As of June 7, 2014 the acquisition included net production of 8,430 barrels of oil equivalent per day (82 percent oil), 30 square miles of 3-D seismic data and a three-well salt water disposal system. The effective date of the transaction is April 1, 2014 and is expected to close before the end of July.

lgraham@bizpress.net

 

 

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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