Värde Partners and Titanium Exploration Partners LLC have acquired oil and gas assets in the STACK play in Oklahoma and in the Eagle Ford Shale play in Texas.
The STACK acquisition, which closed on September 9, 2016, consists of non-operated working interests covering approximately 3,600 net acres and 1,100 barrels of oil equivalent of daily production as of the effective date of the acquisition. The assets consist of non-operated working interests in Blaine and surrounding counties.
The Eagle Ford acquisition, which closed recently, consists of approximately 3,900 net acres and approximately 1,050 barrels of oil equivalent of daily production as of the effective date of the acquisition. The assets consist of non-operated working interests in Karnes and Gonzales Counties, and operated working interests in Karnes and Atascosa Counties, Texas.
Titanium will manage both the STACK acquisition assets and the Eagle Ford acquisition assets on behalf of Värde, who provided the financing for both acquisitions.
Titanium Exploration Partners, LLC, is a Dallas, Texas-based oil and gas investment firm managed by Charles B. “Chip” Simmons, CEO and Peter M. Halloran, executive chairman and chief investment officer. Titanium currently manages for the benefit of its investors approximately 12,000 barrels of oil equivalent of daily production generated from positions aggregating approximately 30,000 net acres. Titanium’s currently managed assets consist of producing and non-producing oil and natural gas reserves in the Eagle Ford Shale play in South Texas and in the SCOOP/STACK/Merge plays in Oklahoma. Titanium considers investments in operated and non-operated assets in all US shale plays.
Värde Partners is a $12 billion global alternative investment firm that invests across a broad array of geographies, segments and asset types, including real estate, corporate credit, residential mortgages, specialty finance, transportation, and energy. Värde sponsors and manages a family of private investment funds with a global investor base that includes foundations and endowments, pension plans, insurance companies, other institutional investors and private clients.