Your Portal for Key Energy Information and Research

Titus Oil & Gas Production, LLC

Company Summary

Operational Regions

  • Delaware Basin

Related Entities

Recent news

  • 8/11/2022 - Earthstone Closes on... (subscriber access)
  • 6/28/2022 - Earthstone Energy... (subscriber access)
  • 6/28/2022 - Earthstone Energy... (subscriber access)

Company Transactions

Date: 8/9/2022
Type: Acquisition

BUYERS:
  • APA Corporation
    • SELLERS:
  • NGP Energy Capital
  • Titus Oil & Gas Production, LLC
    • DETAILS:

    COST: 550 $MM

    NOTES:
    APA has purchased West Texas properties for $505 million, with Reuters reporting that the deal was for the assets owned by Titus Oil & Gas. That private company is backed by NGP Energy Capital.
    REGIONS:
  • Permian Basin

    • Date: 6/28/2022
    Type: Acquisition

    BUYERS:
  • Earthstone Energy, Inc.
    • SELLERS:
  • Titus Oil & Gas Production II, LLC
  • Titus Oil & Gas Production, LLC
  • NGP Energy Capital
    • DETAILS:

    COST: 627 $MM

    VOLUMES: 31.8 MBOE/d

    ACRES: 7900 Acres

    NOTES:
    Earthstone Energy has signed a deal with Titus Oil & Gas to acquire the firm's New Mexico assets in the Northern Delaware Basin for $627 million. Titus is owned by NGP Energy Capital Management, and the deal includes $575 million in cash and 3.9MM shares of Earthstone Class A common stock. Closing is targeted for 3Q22.
    REGIONS:
  • Permian Basin
  • Delaware Basin