Energy & Exploration Partners announces Buda-Rose acquisitionJune 16, 2014
A. Lee Graham
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.