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Kayne Anderson Fuses Anadarko Basin Portfolios into New Entity
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Kayne Anderson Energy Funds reported the all-equity consolidation of Casillas Petroleum Resource Partners, Native Exploration Holdings and Acacia Exploration Partners to form 89 Energy III LLC.
Assets89 Energy III’s operating footprint consists of:
80,000 net acres across Oklahoma 21,000 net boe/d of productionAdditionally, 89 Energy III will manage the assets of Triumph Energy Partners, LLC, which consists of approximately 15,000 net acres in STACK with approximately 6,500 net boe/d of production.
John-Mark Beaver, President and CEO at 89 Energy III, said, “We are pleased to announce the partnership with Kayne Anderson’s energy platform along with this transformative consolidation that provides scale and strong financial footing for a one-of-a-kind, highly economic Mid-Continent…
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