M&A Deal Summary

Ring Energy Acquires Wishbone Energy Partners - North Central Basin Platform

On February 27, 2019, Ring Energy acquired oil/gas exploration company Wishbone Energy Partners - North Central Basin Platform from Wishbone Energy Partners for 300M USD

Acquisition Highlights
  • This is Ring Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Ring Energy’s largest (disclosed) transaction.
  • This is Ring Energy’s 1st transaction in the United States.
  • This is Ring Energy’s 1st transaction in Texas.

M&A Deal Summary

Date 2019-02-27
Target Wishbone Energy Partners - North Central Basin Platform
Sector Oil/Gas Exploration
Buyer(s) Ring Energy
Sellers(s) Wishbone Energy Partners
Deal Type Divestiture
Deal Value 300M USD

Target

Wishbone Energy Partners - North Central Basin Platform

Texas, United States
Wishbone Energy Partners - North Central Basin Platform comprises 127 gross wells currently generating an average daily net production of 6,000Boe.

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Buyer(S) 1

Buyer

Ring Energy

The Woodlands, Texas, United States

Category Company
Founded 2004
Sector Oil/Gas Exploration
Employees115
Revenue 366M USD (2024)
DESCRIPTION

Ring Energy is an oil and gas exploration and Development Company with two core areas of operation in the Permian Basin; the Central Basin Platform and the Delaware Basin. Ring Energy was founded in 2004 and is based in The Woodlands, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Wishbone Energy Partners

Houston, Texas, United States

Category Company
Founded 2013
Sector Energy Services and Equipment
DESCRIPTION

Wishbone Energy Partners, LLC is a Houston, TX based E&P company focused on the acquisition and development of properties in select conventional and unconventional North American reservoirs.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2019 M&A 1 of 1
Size (of disclosed) 1 of 1