Falls City E&P acquires South Texas acreage

Falls City E&P LLC, a Houston-based upstream exploration and development company, has entered into a definitive agreement with undisclosed sellers to acquire core South Texas acreage. Falls City is owned by Petoil Overseas, the US affiliate of Petoil; Framework Capital, a Houston-based private equity firm; and Reveille Oil & Gas, which will serve as the operator for the company.

Reveille is led by energy executive David Daniel, who previously held senior positions in operations and engineering with Unocal and other private equity-backed companies.

Statesman Corporate Finance served as advisor to Reveille for this transaction.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...