Moss Creek Resources LLC has closed a transaction in which it bought most of Tall City Exploration LLC’s exploration and production operations in the northern Midland basin for $803 million. The deal involved oil and gas leases covering 71,000 acres in Texas’ Howard and Borden counties.
The transaction concerned interests in 34 horizontal and six vertical wells that produce 3,750 boe/d. Tall City is based in Midland, Tex.
Moss Creek Resources of Dallas was formed by Blue Whale Energy North America Corp., which is a subsidiary of Blue Whale Energy Ltd., an energy investment company based in Beijing.