Your Portal for Key Energy Information and Research

Wishbone Energy Partners

Company Summary

Description

Wishbone Energy Partners, LLC is a Houston, TX based company focused on the acquisition and development of conventional and unconventional oil and gas assets, with a current focus on the Permian Basin.

Website

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

Related Entities

Recent news

  • 5/17/2019 - Ring Energy Closed on... (subscriber access)
  • 4/30/2019 - Ring Energy Reports... (subscriber access)
  • 4/12/2019 - Ring Energy Closes on... (subscriber access)
  • 2/27/2019 - Ring Energy Purchases... (subscriber access)

Company Transactions

Date: 4/12/2019
Type: Acquisition

BUYERS:
  • Ring Energy, Inc.
    • SELLERS:
  • Wishbone Energy Partners
    • DETAILS:

    COST: 291 $MM

    VOLUMES: 5.4 MBOE/d

    ACRES: 38230 Acres

    NOTES:
    The assets, located in Yoakum County, Texas, cover 38,230 net acres and hold 5.4 Mboe/d in production on 127 gross wells. Ring funded the deal with $264 million in cash and 4.5 million shares of common stock.
    REGIONS:
  • Northwest Shelf (U.S.)