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Ursa Resources Group II, LLC

Company Summary

Description

Ursa Resources Group II LLC is an exploration and production company backed by a private equity commitment from Denham Capital. Ursa is focused on developing oil rich unconventional plays as well as the acquisition of conventional oil and gas producing properties. Ursa is actively leasing in several prospective hydrocarbon provinces. We will be updating our newsfeed to keep you up to date about our most recent activities.

Website

http://www.ursaresources.com/home_ursa

Related Entities

Recent news

  • 11/16/2020 - Terra Energy Acquiring... (subscriber access)

Company Transactions

Date: 1/31/2021
Type: Acquisition

BUYERS:
  • Terra Energy Partners
    • SELLERS:
  • Ursa Operating Company LLC
  • Ursa Piceance LLC
  • Ursa Resources Group II, LLC
    • DETAILS:

    COST: 60 $MM

    ACRES: 41000 Acres

    NOTES:
    Terra Energy Partners is acquiring Piceance Basin-focused Ursa Resources for $60 million in a bankruptcy auction. The valuation is far lower than Ursa's debt, with the firm's obligations totaling $282.7 million in debt.
    REGIONS:
  • Piceance Basin