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.

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