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Fortuna Resources Holdings, LLC

Company Summary

Description

Fortuna Resources is an independent oil and gas production company focused on value creation through acquisition and leasing, as well as exploitation of mature oil and gas producing properties in the Permian Basin. Current operations are focused on the Permian Basin with an emphasis on the Delaware Basin and Central Basin Platform. Targets include the Bone Spring, Delaware Mountain Group and Wolfcamp formations.

Website

http://fortunaresourcesllc.com/

Operational Regions

  • Permian Basin

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Company Transactions

Date: 12/30/2016
Type: Acquisition

BUYERS:
  • PDC Energy, Inc.
    • SELLERS:
  • Fortuna Resources Holdings, LLC
    • DETAILS:

    COST: 118 $MM

    VOLUMES: 300 BOE/d

    ACRES: 4500 Acres

    NOTES:
    The acquired assets include 4,500 net acres with current net production of 300 boe/d, a DUC well and a salt water disposal well.
    REGIONS:
  • Delaware Basin