On August 26, 2016, Finley Resources Inc. completed the sale of its Howard County assets in the Midland Basin to Sabalo Energy LLC, a portfolio company of EnCap Investments LP.
Finley Resources is a private Fort Worth based E&P operator established in 1999 which owns, manages and develops approximately 2,500 oil and gas properties in eight states. The company came in at No. 80 in the April installment of the OGFJ100P listing of privately-held companies.
Sabalo Energy is a privately held Corpus Christi, Texas-based independent oil and gas company focused on the exploration and exploitation of oil and gas properties in various onshore US basins.
Simmons & Company International | Energy Specialists of Piper Jaffray served as exclusive financial advisor to Finley Resources.