Denver-based Jonah Energy and its partner Burk Royalty recently announced the closing of their acquisition of High Plains Natural Resources. The acquired assets are in northwestern shelf of Permian Basin in west Texas and southeast New Mexico primarily from San Andres formation. The assets include about 62,000 net acres and 250 operated horizontal wells in Yoakum County in Texas and Lea County in New Mexico. They are expected to produce about 15,000 boed in third quarter (50 percent oil).
Brian Reger, CEO, said July 17 of the deal, “It enhances our cashflow and footprint in the Permian Basin following our successful acquisition of Tap Rock earlier this year. It aligns with our disciplined strategy of expanding in high-quality plays and strengthens our position as a leader focused on responsible, long-term value creation.”
The acreage also includes substantial drilling inventory with development expected to begin in 2026.
Leave a Reply