• Home
  • About Us
    • Previous Issues
    • Submissions
    • Contact Us
  • Subscribe
  • Advertise
    • Audience
    • Editorial Calendar
    • Sizes & Specs
  • Jobs
    • View Open Positions
    • List Your Job

Permian Basin Oil and Gas Magazine

PBOG is the Official Publication of the Permian Basin Petroleum Association and is published monthly by Zachry Publications, LP.

  • News
    • Legislative Matters
    • PBPA
    • People
  • Trade Talk
    • Automation, Controls and Measurement
    • Environmental, Safety and Training
    • Fracking, Frac Sand and Water
    • Infrastructure
    • Pipe and Pipe Service
    • Technology
    • Wireline and Testing
  • Business & Analysis
    • Industry Analysis
    • Mergers and Acquisitions
    • The Financial Picture
  • Drilling Deeper
  • Permit Map
  • Fun
    • Oil Patch Tales
    • History
    • Workovers
  • Subscribe

Spur Energy, KKR to acquire Permian northwest shelf assets

May 16, 2019 by Bailey LeRoux

Houston-based startup Spur Energy Partners and investment firm KKR said Tuesday they formed a partnership to acquire Permian northwest shelf assets of Houston-based Percussion Petroleum and other assets across the lower 48 states.  The acquisition includes interests in 380 gross producing wells and 22,000 net acres in the Yeso formation in Eddy and Lea counties in New Mexico and associated water and midstream assets. In 2019Q1 the assets produced 9,200 net boed (85 percent liquids). The deal is expected to close in 2019Q2.

Jay Graham, Spur CEO, said, “We look forward to working together as we make our first investment in this high-quality asset with a strong existing production base and attractive development potential.”  The Midland Reporter Telegram said Spur Energy initially will focus on the New Mexico portion of the Permian Basin.

Filed Under: News, News Reviews, PBOG Newsletter Tagged With: news reviews

Subscribe to PBOG

Subscribe: Newsletter | Magazine

March 2023

March 2023

Read the most recent issue of PBOG on your computer, iPad, Kindle, phone or other electronic reader.

If you'd like to view our previous issues, click here.

Connect with us online.

Facebook spacer Twitter spacer LinkedIn
Privacy Policy

Cookie Policy

Permian Basin Oil and Gas Magazine

3457 Curry Lane
Abilene, TX 79606
325.673.4822
pbog@zacpubs.com

Search PBOG.com

© 2023 · Zachry Publications