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Tracker Resources Development III

Company Summary

Description

Tracker Resources Development III is a Denver-based independent oil and gas company focused on the acquisition and development of oil and gas assets in established tight gas and unconventional resource plays with its primary focus in the Rocky Mountain and Williston Basin region. Tracker’s management team boasts extensive oil and gas experience and a track record of value creation in small, private entities.

Website

http://www.tracker-resources.com/

Related Entities

Recent news

  • 4/1/2021 - Earthstone Energy... (subscriber access)

Company Transactions

Date: 4/1/2021
Type: Acquisition

BUYERS:
  • Earthstone Energy, Inc.
    • SELLERS:
  • Tracker Resources Development III
  • EnCap Investments L.P.
  • Sequel Energy Group, LLC
  • 1901 Partners Management LP
    • DETAILS:

    COST: 126.5 $MM

    VOLUMES: 7.8 MBOE/d

    ACRES: 20300 Acres

    NOTES:
    Earthstone Energy has signed a deal with several companies to buy 20,300 net acres in Irion County, 7.8 Mboe/d in production (21% oil) and 49 identified Wolfcamp drilling locations. The deal was signed with Tracker Resource Development III and an affiliate of Sequel Energy Group. Earthstone will pay $126.5 million, including $81.6 million in cash and 6.2 million shares of Class A stock. Closing is targeted for the third quarter of 2021.
    REGIONS:
  • Midland Basin