Houston-based Post Oak Energy Capital said recently it divested the assets of UpCurve Energy Partners in southern Delaware Basin. Reuters reported May 20 that UpCurve was acquired by Sev.en Global Investments and the family of Czech Republic billionaire Pavel Tykac, marking their entry into the U.S. upstream oil and gas sector.
The assets include 21,000 net operated acres that produce 13,000 to 15,000 boed.
Post Oak director Ryan Walsh said May 19, “With the asset base now substantially developed, we determined this transaction represented an appropriate opportunity to monetize the business in the current commodity environment while we continue to direct capital toward growth-oriented strategies across the Permian Basin.”