Warburg Pincus LLC is a leading global private equity firm focused on growth investing. The firm has more than $40 billion in private equity assets under management. The firm's active portfolio of more than 120 companies is highly diversified by stage, sector and geography. Warburg Pincus is an experienced partner to management teams seeking to build durable companies with sustainable value. Founded in 1966, Warburg Pincus has raised 15 private equity funds, which have invested more than $55 billion in over 750 companies in more than 35 countries.
NOTES:
Ring Energy has agreed to acquire the assets of Stronghold Energy II Operating, LLC and Stronghold Energy II Royalties, LP from Warburg Pincus. The position includes 37,000 net acres in the Permian Basin’s Central Basin Platform with current net production of 9.1 Mboe/d (54% oil, 75% liquids.) The acreage also holds 500 new vertical drilling and recompletion locations.
REGIONS:
Central Basin Platform
Permian Basin
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