Aethon Energy Management LLC, a Dallas, Texas-based private investment firm focused on onshore oil and gas, together with its partner, RedBird Capital Partners LLC, have acquired the Moneta Divide assets from Encana Oil & Gas (USA) Inc., a wholly owned subsidiary of Encana Corp. (TSX: ECA) (NYSE: ECA).
The Moneta Divide assets comprise approximately 188,000 net acres in Wyoming in the Wind River Basin.
Terms of the negotiated transaction were not disclosed.
Aethon was advised by Capital One Securities Inc., Crowley Fleck PLLP, and Weil, Gotshal & Manges LLP. RedBird was advised by Evercore and Gardere Wynne Sewell LLP.