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Shandong Xinchao Energy Co., Ltd

Company Summary

Description

a publicly listed Chinese company.

Website

http://www.xinchaoshiye.com/list-38-1.html

Operational Regions

  • International

Related Entities

Recent news

  • 4/5/2021 - Surge Energy Completes... (subscriber access)

Company Transactions

Date: 4/5/2021
Type: Acquisition

BUYERS:
  • Surge Energy US Holdings Company
  • Shandong Xinchao Energy Co., Ltd
    • SELLERS:
  • Grenadier Energy Partners II, LLC
    • DETAILS:

    COST: 420 $MM

    VOLUMES: 9 MBOE/d

    ACRES: 18010 Acres

    NOTES:
    Surge Energy has closed on the acquisition of leasehold interest and producing wells in the Midland Basin from Grenadier Energy Partners II LLC for $420 million. The assets are focused around Howard County, Texas.
    REGIONS:
  • Midland Basin