Affiliates of Austin-based Brigham Exploration said last week they acquired non-operated assets in west Texas and southeast New Mexico from Great Western Drilling. The combination of the acquired assets and Brigham’s existing portfolio creates one of the largest private non-operated footprints in Permian Basin.
The assets include more than 7,000 net acres in the Delaware and Midland basins primarily in Eddy and Lea counties in New Mexico and Loving, Martin, Midland and Winkler in Texas. August 2024 net production was 2,700 boed from 29 net producing wells. Closing was Nov. 22, 2024. Brigham said the acquisition is consistent with its strategic focus on core, high-quality properties with low geologic risk in Permian Basin.
Bud Brigham, executive chairman, said Dec. 17, “We believe this differentiated asset built over generations complements our existing asset base and enhances our Delaware and Midland basin positions, which are diversified geographically and geologically across experienced operators in the Permian.”