These Permian Basin assets in Culberson County, Texas, include 3,392 acres of Delaware Mountain Group producing leasehold and about 1,000 acres of deeper rights prospective for the Brushy Canyon, Avalon/Bone Spring and Wolfcamp horizons.
TPH Partners managing partner George McCormick III said one of TPH’s fundamental investment strategies is to seek opportunities that contain significant volumetric growth potential.
"This realization reflects a successful execution of that strategy in the middle market portion of the upstream sector," McCormick said.
TPH Partners is a US-based energy private equity group that makes middle-market equity investments in the upstream, midstream and oilfield services sectors of the energy industry.
