Dallas-based private equity firm Tailwater Capital said recently it acquired off-market, non-operated, working interest assets in Permian Basin from Accelerate Resources Operating. The acquisition includes more than 5,000 net leasehold acres in the core of Delaware and Midland basins. Current production is more than 5,000 boed. Tailwater said assets also include “meaningful future inventory under premier operators” such as ExxonMobil, ConocoPhillips, Diamondback, EOG Resources, Mewbourne Oil, Apache, Occidental, Devon and Coterra.
Doug Prieto, CEO, said last month, “These assets represent a diversified portfolio of the best that the Permian has to offer.” Edward Herring and Jason Downie, managing partners, added, “Aligning ourselves with these high-quality operators in Tier 1 inventory in the core of the Permian provides a significant opportunity to create limited partner value.”