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Revolution II WI Holding Company, LLC

Company Summary

Description

Revolution is an Oklahoma City based, independent oil and natural gas company engaged in the development and acquisition of oil and natural gas properties in the Mid-Continent region of the United States. Revolution is an affiliate of Mountain Capital Partners, LP, an energy focused private equity fund based in Houston, Texas with approximately $1.0 billion in assets under management.

Website

http://www.globenewswire.com/news-release/2019/12/...

Operational Regions

  • Midcontinent
  • Anadarko Basin

Related Entities

Recent news

  • 1/8/2020 - Jones Energy Closes on... (subscriber access)
  • 12/9/2019 - Jones Energy II Being... (subscriber access)

Company Transactions

Date: 1/8/2020
Type: Merger

BUYERS:
  • Revolution II WI Holding Company, LLC
  • Mountain Capital Management
    • SELLERS:
  • Jones Energy, Inc.
    • DETAILS:

    COST: 210.5 $MM

    NOTES:
    Jones Energy II entered into a merger agreement with Revolution Resources, which is an affiliate of Mountain Capital Partners. This will combine their respective Midcon assets and the all-cash deal is valued at $210.5 million and stockholders will receive $14.11 in cash for each share held. Closing will occur in the first quarter of 2020.
    REGIONS:
  • Anadarko Basin
  • SCOOP
  • Oklahoma STACK Play