LRR Energy has bought the properties from its sponsor, Lime Rock Resources, for $21m.
Under the deal, the company also acquired in the money commodity hedge contracts valued at about $1.8m.
The company funded the acquisition with borrowings under its revolving credit facility.
As of 3 January 2013, LRE has $200m of outstanding borrowings under its revolving credit facility and $50m of outstanding borrowings under its term loan.
Affiliates of Lime Rock Resources established LRR Energy in April 2011 to operate, acquire, exploit and develop producing oil and natural gas properties in North America.
The company’s oil and gas properties are located in the Permian Basin region in West Texas and southeast New Mexico, the Mid-Continent region in Oklahoma and East Texas and the Gulf Coast region in Texas.
