Oil production & Acreage New Mexico & Other properties - Ownership and Business Overview

Oil/gas ExplorationCompany

Oil production & Acreage New Mexico & Other properties Ownership

Who owns Oil production & Acreage New Mexico & Other properties?

Oil production & Acreage New Mexico & Other properties is owned by Resolute Energy. It was acquired on December 3, 2012.

Oil production & Acreage New Mexico & Other properties Business Overview

Where is Oil production & Acreage New Mexico & Other properties headquartered?

Oil production & Acreage New Mexico & Other properties is headquartered in Lea County, New Mexico.

What sector is Oil production & Acreage New Mexico & Other properties in?

Oil production & Acreage New Mexico & Other properties is an oil/gas exploration company.

Oil/gas Exploration M&A Summary in 2012

Out of 60 sectors in the Mergr database, oil/gas exploration ranked 16 in number of deals in 2012. The largest oil/gas exploration acquisition in 2012 was Nexen Energy ULC - which was acquired by CNOOC for $15.1B.

Join Mergr to view all 137 acquisitions of oil/gas exploration companies in 2012, including 43 acquisitions by private equity firms, and 94 by strategics.

Oil production & Acreage New Mexico & Other properties

Lea County, New Mexico
United States,

The primary asset acquired in Lea County is Denton Field, which was discovered in the 1950s and is a conventional fractured carbonate reservoir. The assets include 2,767 net acres (2,880 gross), all of which are held by production, and in the third quarter of 2012 the 39 existing wells produced a net 833 Boe per day. Approximately 89% of production consisted of crude oil. Resolute will be the operator of the Lea County assets. Other assets being acquired are a combination of conventional and unconventional producing properties in the Permian Basin. The acquired assets comprise 2,455 net acres (3,380 gross acres, all HBP) and produced 208 net Boepd in the third quarter of 2012.


Company Summary

SECTOR

Oil/Gas Exploration

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