Deal Snapshot
Surge Energy America Closes USD 420m Acquisition of Midland Basin Interest from GEP II
Tuesday 06 April 2021

A subsidiary of Houston-based oil and natural gas company Surge Energy US Holdings Company has closed the acquisition of leasehold interest and Texas-based producing wells in the Midland Basin from Grenadier Energy Partners II LLC (GEP II) for approximately USD 420m, the company said.

This acquisition will continue to build a long-term, sustainable oil and gas company to support near-term cash flow and strong economic returns. Citi acted as financial advisors to Surge Energy. Jefferies LLC acted as financial advisor to GEP II. Legal advisors included Thompson and Knight LLP for Surge Energy and Vinson and Elkins LLP for GEP II.

Date Published: 06/04/2021