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Tessara Petroleum Resources

Company Summary

Description

Subsidiary of The Carlyle Group

Operational Regions

  • Central Basin Platform

Related Entities

Recent news

  • 12/27/2018 - Ring Energy Closes on... (subscriber access)
  • 12/20/2018 - Ring Energy Acquiring... (subscriber access)

Company Transactions

Date: 12/27/2018
Type: Acquisition

BUYERS:
  • Ring Energy, Inc.
    • SELLERS:
  • Tessara Petroleum Resources
    • DETAILS:

    COST: 15.2 $MM

    ACRES: 4763

    NOTES:
    Ring Energy has entered into a deal with Tessar Petroleum Resources, a subsidiary of The Carlyle Group, to acquire 4,763 net acres in Andrews County, Texas. In exchange, Ring will issue 2.6 million shares of common stock valued at $5.80 per share, or $15.2 million.
    REGIONS:
  • Central Basin Platform