One-Page Deal Sheet
Ring Energy Acquires PE-Backed Stronghold Energy II for $465 Million
Ring Energy Inc. Stronghold Energy II LLC
Announced Date
July 05,2022
Close Date
September 01,2022
Transaction Type
Corporate
Location
Calculated Metrics( EV/Category)
Region
Permian - Central Basin
Country
United States
State
Texas
County
Crane
Play
Production & Reserves Production
Production Mix
Reserves
Calculated Metrics( EV/Category)
Transaction Details: Require Private Equity Subscription
Ring Energy, Inc. has acquired all of the assets of privately-held Stronghold Energy II Operating LLC and Stronghold Energy II Royalties LP for $465 million.
This deal closed on September 1, 2022.
Stronghold is majority owned by Warburg Pincus LLC.
Deal Details:Stronghold's operations are located primarily in Crane County, Texas in the Permian Basin's Central Basin Platform.
Acreage: 37,000 net acres (31,000 leasehold and 6,000 mineral) - 99% operated Drilling Locations: 500 Production: 9,100 BOEPD (54% oil, 75% liquids) Proved Reserves: 41.2 MMBOE Transaction DetailsConsideration…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Jul-10-2025 |
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Click here | Texas | E&P |
| Jan-28-2022 |
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| Feb-26-2019 |
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| Nov-05-2018 |
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