Split Rock Resources makes Permian basin acquisition

Split Rock Resources LLC, Fort Worth, Tex., an affiliate of North Hudson Resource Partners LP, has acquired non-operated Permian basin oil and gas assets from a private seller for a cash purchase price of $97.5 million. The assets are primarily in the Delaware basin in Eddy and Lea counties, NM, as well as in the Midland basin in Glasscock County, Tex.      

Current production from the assets is 2,000 boe/d (75% liquids, 3-stream basis). Development activities in 2022 by a group of unnamed operators are expected to increase daily production rates to over 4,000 boe/d, Split Rock said.

Split Rock is an independent oil and gas company based in Fort Worth, Texas, engaged in the acquisition