Maverick Natural Resources LLC has acquired western Anadarko basin producer FourPoint Energy LLC in an all-equity merger. FourPoint became a wholly owned subsidiary of Maverick and was renamed Unbridled Resources LLC. Both Maverick and FourPoint are majority controlled by EIG Global Energy Partners managed funds.
The acquired assets produce 50,000 net boe/d (47% liquids) from western Oklahoma and northern Texas. The Unbridled position spans 700,000 acres across the core of the Granite Wash and Cleveland Sand plays. The acquisition also included MidPoint Midstream LLC and Wheeler Midstream LLC.
Linda Z. Cook, managing director of EIG and chief executive officer and board member of Harbour Energy, will join the Maverick board as chairman. Jim Blackwell, also a board member of Harbour Energy, will join the Maverick board.