Barnwell Texas, LLC /
Alchemist Energy LeaseCo, LP
Barnwell Texas expands its Permian Basin interests
- Terms
- Not stated
- Stage
- Closed
What happened
Barnwell Texas, LLC acquired a 22.3% non-operated working interest in oil and gas leasehold acreage in the Permian Basin in Texas from Alchemist Energy LeaseCo, LP. The transaction also included interests in two planned oil wells.
The purchase price for the leasehold acreage interest was US$ 805,651, and Barnwell Texas prepaid US$ 4,293,162 for its share of estimated well costs.
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Barnwell Texas expands its Permian Basin interests
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