Natural Gas Partners affiliate to buy Wilshire's US assets

Crow Creek Energy LLC, Tulsa, a private portfolio company of Natural Gas Partners, Dallas, plans to acquire the US oil and gas business of Wilshire Enterprises Inc., Jersey City, NJ, for $13.7 million.

March 18, 2004

By OGJ editors
HOUSTON, Mar. 18 -- Crow Creek Energy LLC, Tulsa, a private portfolio company of Natural Gas Partners, Dallas, plans to acquire the US oil and gas business of Wilshire Enterprises Inc., Jersey City, NJ, for $13.7 million. Closing is set for April 2004.

Wilshire said it is negotiating with several entities regarding sale of its Canadian oil and gas business.

The US business, Wilshire Oil Co. of Texas, listed proved reserves of 569,000 bbl of liquids and 8.6 bcf of gas as of the end of 2002. Its 2002 production totaled 49,000 bbl of liquids and 1.021 bcf of gas.