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MIDLAND, Texas (BUSINESS WIRE) Jun 2, 2021 Colgate Energy Partners III, LLC (the âCompanyâ or âColgateâ) announced today that it has entered into a definitive agreement under which Colgate will acquire a majority of the assets owned by Luxe Energy LLC (âLuxeâ) in an all-stock transaction. Luxe will continue to own and manage certain assets including a portion of the non-operated leasehold interests that are operated by MDC Reeves Energy, LLC and its affiliates. Closing occurred simultaneously with signing of a definitive agreement on June 1, 2021. Pro Forma Acreage Map (TX Zoom-In) (Graphic: Business Wire) Luxe Highlights Current average net daily production of ~17,000 Boepd ....
Press release content from Business Wire. The AP news staff was not involved in its creation. Colgate Energy Announces $300 Million Private Placement of 7.75% Senior Notes Due 2026 January 28, 2021 GMT MIDLAND, Texas (BUSINESS WIRE) Jan 28, 2021 Colgate Energy Partners III, LLC (the “Company” or “Colgate”) announced the closing of its private placement on January 27, 2021 to eligible purchasers of $300 million in aggregate principal amount of 7.75% senior notes due 2026 (the “Notes”). The Notes were not registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes are eligible for trading by qualified institutional buyers under Rule 144A of the Securitie ....