Lime Rock Resources has closed three transactions with multiple sellers for properties in the Texas Gulf Coast, Permian Basin and Mid-Continent regions, US. In total, Lime Rock Resources has acquired $244 million in properties in the three regions.
These transactions build on Lime Rock Resources’s existing properties in the Permian Basin and Mid-Continent regions of US. The team is actively seeking to make additional acquisitions in those two core regions as well as in the Texas Gulf Coast region.
Lime Rock Resources has acquired the three groups of oil and gas properties in separate transactions from three separate public and private sellers.
Eric Mullins, managing director of Lime Rock Resources, said: While it is a just a coincidence that these three transactions closed at nearly the same time, their diversity testifies to our flexible, creative approach. None of the transactions was a straightforward process, and we are gratified that we were able to work with the sellers of all three properties to reach the best agreement for all involved.