Ring Energy Acquires Stronghold Assets
Ring Energy has signed an agreement to acquire assets of Stronghold, majority owned by Warburg Pincus.
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Ring Energy has signed an agreement to acquire assets of Stronghold, majority owned by Warburg Pincus.
Ring Energy Inc. has entered a deal to acquire the Permian Basin assets of privately held Stronghold Energy II Operating LLC and Stronghold Energy II
Ring Energy (REI) +6.4% pre-market after saying on Tuesday said it agreed to acquire Warburg Pincus-owned Stronghold Energy in a $465M cash and stock deal that will make Stronghold...
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Ring Energy has entered into an agreement to acquire the assets of privately-held Stronghold Energy II. Stronghold’s operations are located primarily in Crane County, Texas and focused on the development of approx. 37,000 net acres in the Permian Basin’s Central Basin Platform.