Exponent Energy announces major operated production assets purchase

Source: Exponent Energy

Exponent Energy (Exponent), a Tulsa, Oklahoma-based energy investment firm, is pleased to announce that it has purchased the Oklahoma production assets of Sanchez Midstream Partners LP (NYSE American: SNMP).

 

Tulsa, OK  — Exponent Energy (Exponent), a Tulsa, Oklahoma-based energy investment firm, is pleased to announce that it has purchased the Oklahoma production assets of Sanchez Midstream Partners LP (NYSE American: SNMP). These assets will be integrated into Exponent’s existing asset base of shallow, low cost, conventional production in the Mid-Continent Region.

Exponent, which now has more than 400 operated wells in Texas and Oklahoma, recognized the transaction as an opportunity to acquire immediately accretive operations in a market they know well and have been successful in. SNMP realized the opportunity to further their strategic focus on mid-stream activities in South Texas by monetizing their remaining Oklahoma production assets.

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