(Ellipsis, 16.Oct.2023) — Ellipsis U.S. Onshore Holdings LLC, a portfolio company of Westlawn Group LLC, announced the acquisition of additional assets located in the Delaware Basin of Texas and New Mexico. Ellipsis acquired non-operated oil and gas properties consisting of 3,000 net acres, current production of more than 3,000 boe/d (2-stream) and significant operational upside associated with approximately 900 gross remaining locations. Pro forma, Ellipsis anticipates fourth quarter production to average 7,000 boe/d (2-stream).
Managing Directors Matt Gentry and Adam Howard of Ellipsis, commented, “We are excited to continue to execute upon our non-operated strategy with Westlawn. The pipeline of marketed and off market opportunities continues to be robust as we approach the end of the year. Ellipsis encourages potential operating partners and those with non-operated assets to reach out, as we continue to build and deploy capital.”