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Oil and gas rigs steady in Permian Basin amid year of growth currentargus.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from currentargus.com Daily Mail and Mail on Sunday newspapers.
HOUSTON, July 26, 2021 /PRNewswire/ Lime Rock Resources, acquirers and operators of producing oil and gas properties in the United States, announced today that it has reached a definitive agreement to buy oil and gas properties in the Delaware Basin of Texas for $508.3 million from a private seller. The transaction is expected to close on September 30. The acquired property is primarily in Loving County, Texas. As of the April 1, 2021 transaction effective date, the property was producing 15,163 barrels of oil equivalent per day. Eric Mullins, Chairman and CEO of Lime Rock Resources, said, The high volatility in the energy business over the last 18 months has created some unique opportunities in the oil and gas property market. This acquisition is one of those opportunities, which fits quite well the Lime Rock Resources acquisition strategy.  Charlie Adcock, Vice-Chairman of Lime Rock Resources, added, We look forward to taking over operations in a few months t ....
Lime Rock Buys Texas Assets for $500MM+ rigzone.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rigzone.com Daily Mail and Mail on Sunday newspapers.
Lime Rock Resources Acquires 'Unique Opportunity' in $500 Million Permian Deal hartenergy.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hartenergy.com Daily Mail and Mail on Sunday newspapers.
- Lime Rock Resources Agrees to Acquire... euro-petrole.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from euro-petrole.com Daily Mail and Mail on Sunday newspapers.