One-Page Deal Sheet
Surge Inks $420MM Deal for Midland Basin Property
Surge Operating, LLC Grenadier Energy II LLC
Announced Date
February 01,2021
Transaction Type
Property
Enterprise Value (EV)($MM)
420
Asset/Basin:
["Midland Basin", "Permian Basin"]
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Permian - Midland Basin
Country
United States
State
Texas
County
Howard
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Surge Energy US Holdings Company has agreed to acquire leasehold interest and producing wells from Grenadier Energy Partners II LLC in the Midland Basin for $420 million USD.
Highlights: Located in Howard County, Texas Average production of approximately 9,000 Boepd (approximately 75% oil) Approximately 18,010 net leasehold acreage Operated inventory of approximately 120 high-quality, economic future drilling locationsThe Transaction is expected to close in late first quarter.
Chief Executive Officer Linhua Guan said: "This acquisition is consistent with our strategy of building a…
Permian - Midland Basin Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Sep-02-2025 |
-  |
- |
Click here | Texas | E&P |
| Feb-26-2025 |
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| Feb-18-2025 |
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| Feb-12-2024 |
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| Dec-11-2023 |
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| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Feb-12-2024 | Diamondback To Acquire Endeavor Energy In $26 Billion Transaction | - |
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| Jan-04-2024 | APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal | - |
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| Dec-15-2023 | Fury Resources Takes Battalion Private In Transaction Worth $450 Million : Map | - |
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