•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Oil and gas investment company Falcon E&P Opportunities sells producing Permian assets

    Falcon E&P Opportunities GP LLC

    Falcon E&P Opportunities GP LLC, a company specializing in direct onshore oil and gas investments, together with its partner BVX Operating Inc., have sold producing assets of their joint project to a private buyer for $26 million. The sale, which took place on December 31, 2012, included 17 producing wells on 608 acres in Andrews Co. and Ector Co., Texas. 

    "This sale marks the first investment in our fund to go full-cycle," said John Sears, managing director of Falcon. "The project demonstrates our low risk, development drilling strategy. When we invested, there were eight wells and 25 barrels of oil equivalent per day (boe/d) of production.  We exited with the project drilled on 40 acre spacing and producing over 200 boe/d.  BVX did an excellent job as operator and we are grateful for their expertise and partnership."

    Founded in 2010, Falcon E&P Opportunities Fund LP holds $163 million in funds under management.

    XCXP Operating LP and its operating subsidiary, BVX Operating Inc., are Midland-based oil and gas companies with offices in Midland and Katy, Texas.

     

    Related Articles

    Parsley Energy appoints Desai to board of directors

    07/25/2014

    Parsley Energy Inc. reports that Dr. Hemang Desai has been appointed to the company’s board of directors, effective July 23, and will serve on the board’s Audit and Compensation committees.

    Broadleaf Capital changes name to EnergyTEK

    07/24/2014

    Broadleaf Capital Partners Inc. has adopted the name EnergyTEK Corp., reflecting its new mission to focus on technology and its application in the oil and gas industry.

    Industry Briefs

    07/18/2014

    Permian gearing up for increased output

    07/18/2014

    The use of horizontal rigs and hydraulic fracturing technology has revived the Permian Basin.

    Unconventional play upside potential

    07/18/2014

    The most promising growth may lie in the Permian

    More Oil & Gas Financial Articles

    Parsley Energy appoints Desai to board of directors

    Fri, Jul 25, 2014

    Parsley Energy Inc. reports that Dr. Hemang Desai has been appointed to the company’s board of directors, effective July 23, and will serve on the board’s Audit and Compensation committees.

    Broadleaf Capital changes name to EnergyTEK

    Thu, Jul 24, 2014

    Broadleaf Capital Partners Inc. has adopted the name EnergyTEK Corp., reflecting its new mission to focus on technology and its application in the oil and gas industry.

    Industry Briefs

    Fri, Jul 18, 2014

    Permian gearing up for increased output

    Fri, Jul 18, 2014

    The use of horizontal rigs and hydraulic fracturing technology has revived the Permian Basin.

    Unconventional play upside potential

    Fri, Jul 18, 2014

    The most promising growth may lie in the Permian

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ