Fort Worth-based Split Rock Resources said last week it acquired non-operated assets in Permian Basin from a private seller for cash purchase price of $97.5 million. The acquisition includes non-operated assets in Eddy and Lea counties in New Mexico in Delaware Basin and in Glasscock County in Texas in Midland Basin. The assets, which currently are producing about 2,000 boed (75 percent liquids), include about 1,000 net acres with drilling inventory targeting Wolfcamp, Bone Spring and other formations.
Split Rock said Jan. 18 that the assets are operated by “a diverse group of top-tier companies, and 2022 development activities are expected to increase daily production rates to over 4,000 boed.”