(Ellipsis, 22.Dec.2023) — Ellipsis U.S. Onshore Holdings LLC, a portfolio company of Westlawn Group LLC, announced the acquisition of additional assets located in multiple onshore U.S. basins.
Ellipsis acquired non-operated oil and gas assets with current production of more than 6,000 boe/d (2-stream) and significant operational upside associated with approximately 550 gross remaining locations. The assets are in the Permian Basin of Texas and New Mexico, the Denver-Julesburg Basin of Colorado, and the Texas-Louisiana Salt Basin of Louisiana. Pro forma, Ellipsis anticipates 2024 production to average in excess of 13,000 boe/d (2-stream) with more than 1,900 remaining gross locations in inventory.
Managing Directors Matt Gentry and Adam Howard of Ellipsis commented, “Closing 2023 with our third significant acquisition marks a major milestone for our company. We are excited to advance our non-operated asset strategy in 2024 with a continued focus on both marketed and off-market opportunities. We would encourage potential operating partners and those with non-operated assets to reach out to our team as we continue to deploy significant capital with Westlawn’s support and financial backing.”
McDermott Will & Emery represented Ellipsis in this transaction.
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