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Maverick Natural Resources Acquires Overton Field Producing Properties in East Texas
Monday 15 April 2019

15 April 2019 - Texas, US-based oil and gas company Maverick Natural Resources, LLC has acquired producing properties in the East Texas-based Overton field, the company said.

Terms of the transaction were not disclosed.

The acquisition includes approximately 7,600 net acres and 2,700 net boepd (28% liquids). Maverick currently operates the field and has purchased the remaining 50% non-operated working interest.

Maverick said it is focussed on applying automation and technology to further improve efficiency. The ability to operate producing assets more efficiently has translated into a competitive advantage.

The company said it is well positioned to acquire and integrate larger producing properties.

Maverick Natural Resources, LLC is a private oil and gas company focussed on delivering value through best-in-class operations and aggregating high quality producing assets. Maverick Natural Resources was newly formed on April 6th, 2018 and is majority-owned by EIG Global Energy Partners.
Date Published: 15/04/2019
Target: 7,600 net acres and 2,700 net boepd in the producing properties in the,  East Texas-based Overton field
Country: USA
Sector: Petroleum/Natural Gas/Coal
Type: Corporate acquisition
Status: Closed
Buyer: Maverick Natural Resources
Terms of the deal were not disclosed