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ExL Petroleum Management, LLC

Company Summary

Description

ExL Petroleum Management, LLC (“ExL”) is a Midland, TX based upstream company focused on the acquisition and development of oil and gas assets across the Permian Basin.

Website

http://www.quantumep.com/portfolio-companies/

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Company Transactions

Date: 8/11/2017
Type: Acquisition

BUYERS:
  • Carrizo Oil & Gas Inc
    • SELLERS:
  • ExL Petroleum Management, LLC
    • DETAILS:

    COST: 648 $MM

    VOLUMES: 9.5 MBOE/d

    ACRES: 16508 Acres

    NOTES:
    Additionally, Carrizo will pay an additional $50 million per year if the WTI crude price is above $50/bbl for each year between 2018 and 2021, for a maximum payment of $125 million.
    REGIONS:
  • Delaware Basin