Category: News

Kimbell Royalty Partners Announces $175 Million Acquisition of Mineral and Royalty Interests in a Cash and Unit Transaction

Expected to be immediately accretive to distributable cash flow per unit, includes core position in the Delaware Basin, expected to increase daily production by 19% to 15,790 Boe/d[1] and to generate estimated cash G&A savings of 18% per Boe FORT WORTH, Texas, Jan. 9, 2020 /PRNewswire/ — Kimbell Royalty Partners, LP (NYSE: KRP) (“Kimbell” or the “Company”), a leading owner of oil and gas mineral and royalty interests in approximately 13 million gross acres in 28 states, today announced that

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Outrigger Energy II Enters the Williston Basin with Significant Midstream Commitment from XTO

DENVER–(BUSINESS WIRE)–Outrigger Energy II LLC (“Outrigger”) announced today that it has entered into a long-term definitive gas gathering and processing agreement with XTO Energy, Inc. (“XTO”) to service XTO’s production in Williams County, ND. The gathering system will comprise a 70-mile, 20- and 24-inch diameter, rich gas pipeline originating in eastern Williams County and terminating at a new 250 MMcfd cryogenic gas processing plant located west of Williston, ND. Plans are also underway for a plant expansion of up to

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Wing Resources IV, LLC Announces Partnership with NGP

DALLAS, TX – (August 28, 2019) – Wing Resources IV, LLC (“Wing IV”) is pleased to announce it has raised $100 million of new equity commitments from NGP through NGP Natural Resources XII, L.P., the most recent NGP private equity fund focused on natural resources. Wing IV is a Permian Basin focused mineral and royalty acquisition company led by Nick Varel (CEO), Josh Strange (EVP, Land), Jimmy Elskes (CFO), Joe Rogers (VP, Engineering) and Trey Hargrove (VP, Geoscience).  Wing IV

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Massif Oil & Gas II, LLC Announces Powder River Basin Partnership with NGP

by: Business Wire HOUSTON–(BUSINESS WIRE)–Massif Oil & Gas II, LLC (“Massif II”) is pleased to announce it has partnered with NGP to form Massif II. Massif II will leverage its proprietary relationships and operational expertise to acquire and develop top-tier oil-weighted assets in the Powder River Basin. The Bozeman, Montana based team is led by Barrett Frizzell (CEO), Adam Gollofon, (COO), Scott Sheehan (CFO), Brian Burdette (EVP, Subsurface) and Dave Thornquist (EVP, Land). Massif II’s management team previously served in

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OWL Expands Northern Delaware Basin Produced Water Gathering System and Executes New Long-Term Contracts

by: Business Wire Dallas, Texas–(BUSINESS WIRE)– Aug 30, 2018–Oilfield Water Logistics, through its wholly-owned subsidiary OWL SWD Operating, LLC, (“OWL”) has completed its high capacity Hat Connection pipeline project, linking over 200 miles of water pipeline gathering, re-use and disposal across the Northern Delaware Basin in Lea County, New Mexico. OWL also broke ground on its Red Hills Water Gathering System pipeline expansion project with a new 11-mile extension into Loving County, Texas. These projects will provide producers on the OWL

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NGP Portfolio Company Black Mountain Sand

by: Business Wire FORT WORTH, Texas–(BUSINESS WIRE)– Black Mountain Sand, a Texas-based in-basin frac sand provider, announced today its expansion into the Eagle Ford Shale with the acquisition of 2,300 acres in Atascosa County. The company will begin immediate construction on its third Texas mine with anticipated delivery of its first commercial tons by year end 2018. Once fully commissioned, the Eagle Ford mine will employ 75 people and produce 2.2 million tons of sand annually. The mine’s total annual capacity

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Cardinal Midstream Secures Significant Acreage Dedication to its Iron Horse System in Oklahoma’s SCOOP, STACK and Merge Plays

by: Business Wire DALLAS–(BUSINESS WIRE)–May 1, 2018–Cardinal Midstream III, LLC (“Cardinal”) announced today that it has secured a long-term dedication in excess of 100,000 acres to its Iron Horse System from Camino Natural Resources, LLC (“Camino”). The Camino dedication more than doubles the geographic reach of the Iron Horse System and, in combination with the previously announced Travis Peak Resources, LLC (“Travis Peak”) dedication, brings total dedicated acreage to approximately 150,000 acres located across Canadian, Grady, McClain, Stephens and Caddo

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Trilogy Midstream Announces Partnership with NGP

by: Business Wire HOUSTON – Business Wire – Trilogy Midstream Investments, LLC (“Trilogy Midstream” or the “Company”) is pleased to announce the addition of NGP as a partner. Both the Company’s Founders and NGP have made significant capital commitments to the Company in support of its strategy to develop midstream infrastructure along the Gulf Coast. Trilogy Midstream was founded in 2017 by Jerry Dearing, Dave Marye and Drew Tingleaf who worked together for almost a decade at NET Midstream, which

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