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Sequel Energy Group, LLC

Company Summary

Website

http://sequelenergy.com/#slide2

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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

    • Date: 3/4/2021
    Type: Acquisition

    BUYERS:
  • IOG Capital, LP
    • SELLERS:
  • Sequel Energy Group, LLC
    • DETAILS:

    VOLUMES: 75 Mmcf/d

    NOTES:
    IOG Capital has closed on the purchase of non-operated working interest from 77 wells in the Ohio Utica that are producing a net 75 Mmcfe/d (85% gas.) The asset was purchased from Sequel Energy Group and the wells are operated by Southwestern Energy and Ascent Resources.
    REGIONS:
  • Utica