Private Equity | Deals - Acquisition, Mergers, Divestitures | Capital Markets | Private Equity Activity

Titanium Exploration and Private Equity Sponsor Closes Eagle Ford & STACK Acquistions

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   |    Friday,October 28,2016

Titanium Exploration Partners, LLC has got a partner in Private Equity sponsor Värde Partners. 

Earlier Titanium Exploration had annouced acquistions of Eagle Ford and STACK properties.  Varde Partners provided the financing for both acquisitions.

STACK ACQUISTION

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, primarily alongside Continental Resources, Inc., one of the leading operators in the play.

EAGLE FORD ACQUISITION

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 alongside EOG Resources, Inc., the leading operator in the play, in Karnes and Gonzales Counties, and operated working interests in Karnes and Atascosa Counties, Texas.

"We are excited to have the opportunity to partner with Titanium, and we look forward to building on this foundation of high-quality assets," said Markus Specks, Director at Värde who leads Oil and Gas investing. "Consistent with our firm's core value tenets, we continue to pursue opportunities in the energy sector. These transactions in partnership with Titanium represent an important step in that regard."

"These acquisitions reflect our investment thesis to build core positions on behalf of our investors in the most economic basins and plays in the current commodity price environment," said Peter Halloran, Titanium's Executive Chairman and Chief Investment Officer. "These SCOOP/STACK and Eagle Ford assets are strategically located, highly value accretive today and uniquely positioned for future development," added Chip Simmons, Titanium's CEO.

About Titanium Exploration Partners, LLC:
Titanium Exploration Partners, LLC, is a Dallas, Texas-based oil and gas investment firm managed by Charles B. "Chip" Simmons, Chief Executive Officer 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.

About Värde Partners:
Värde Partners is a $12 billion global alternative investment firm that employs a value-based approach to investing 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. Now in its third decade, Värde employs 240 people with main offices in Minneapolis, London and Singapore. For more information about the firm's activity in oil and gas, please contact Markus Specks by email at mspecks@varde.com.