Affiliates of Austin-based Langford Energy Partners said last week they closed on their acquisition of assets in Midland Basin from Murchison Oil and Gas. The assets include about 8,000 net acres primarily in Borden, Howard and Midland counties with net production of about 7,200 boed (72 percent oil) primarily from 63 operated horizontal wells. Langford said the assets are comprised of “a substantial runway of quality, fully delineated drilling locations.”
Lance Langford, CEO, said Jan. 13, “Langford’s acquisition represents a great opportunity for our team to add to its long history of operating success and delivering value to investors. We will leverage this asset as an anchor for expansion through additional bolt-on acquisitions in the Midland Basin.” Bud Brigham, executive chairman, added, “Langford has captured what we believe is a high-quality asset with the ideal profile to complement our stated strategy… It’s exciting to re-enter the area of the Midland Basin where I began my career and drilled my first wells.”
Langford said the acquisition closed in December.