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Spur Energy Partners

Company Summary

Description

Spur Energy Partners was formed by management in 2019 with a commitment from KKR and is focused on delivering superior long-term investor returns by acquiring and developing oil and gas assets with base production and substantial low-cost development inventory across the Lower 48.

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Recent news

Company Transactions

Date: 11/30/2019
Type: Acquisition

BUYERS:
  • Spur Energy Partners
    • SELLERS:
  • Concho Resources, Inc.
    • DETAILS:

    COST: 925 $MM

    VOLUMES: 25 MBOE/d

    ACRES: 100000 Acres

    NOTES:
    Concho Resources entered into a definitive agreement to sell its assets in the New Mexico Shelf to an affiliate of Spur Energy Partners for $925 million. The sale includes roughly 100,000 gross acres and production of roughly 25 Mboe/d.
    REGIONS:
  • Northwest Shelf (U.S.)

    • Date: 6/30/2019
    Type: Acquisition

    BUYERS:
  • Spur Energy Partners
  • Kohlberg Kravis Roberts & Co. L.P. (KKR)
    • SELLERS:
  • Percussion Petroleum, LLC
    • DETAILS:

    VOLUMES: 9.2 MBOE/d

    ACRES: 22000 Acres

    NOTES:
    Spur Energy Partners and KKR announced the acquisition of Permian Northwest Shelf assets of Percussion Petroleum LLC.
    REGIONS:
  • Northwest Shelf (U.S.)