Friday 16 October 2020

Denver, US-based private investment firm Fulcrum Energy Capital Funds has acquired 100 producing wells and associated infrastructure in Wyoming through a bank foreclosure process, to continue its strategy of acquiring assets through distressed and special situations, investing at attractive valuations, the company said.

Terms of the transaction were not disclosed.

This deal includes a compressor station, a hydrocarbon liquids extraction plant, and offers access to two central natural gas delivery points.

The current cash flow from the asset will provide immediate value to the Fulcrum portfolio.

Fulcrum Energy Capital Funds is focussed on direct lower middle market oil and gas investment opportunities in North America.

The Fulcrum Funds target privately-negotiated, structured equity, credit, and asset level investments. Fulcrum currently manages more than USD 100m in committed capital.