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Terra Energy Partners

Company Summary

Description

Terra Energy Partners is a private exploration and production company based in Houston, Texas that focuses on the acquisition and development of large, long-life producing oil and gas assets in North America.

Website

http://www.terraep.com/

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

    • Date: 4/8/2016
    Type: Acquisition

    BUYERS:
  • Terra Energy Partners
    • SELLERS:
  • WPX Energy, Inc.
  • WPX Energy Rocky Mountain, LLC
    • DETAILS:

    COST: 910 $MM

    VOLUMES: 83.33 MBOE/d

    ACRES: 200000 Acres

    REGIONS:
  • Piceance Basin