(Energy Analytics Institute, 1.Nov.2024) — Tailwater Capital LLC acquired a significant, off-market non-operated working interest asset package in the Permian Basin from Accelerate Resources Operating LLC.
The acquisition further solidifies position of Tailwater E&P LLC as an key investor in high-quality, energy-producing assets in the lower 48, Dallas-based Tailwater said 1 Nov. 2024 in an official statement.
The acquired assets include over 5,000 net leasehold acres in the core of the Midland and Delaware Basins. The assets are predominantly held by production and are currently producing over 5,000 net boe/d.
“These assets represent a diversified portfolio of the best that the Permian has to offer, and we are extremely grateful for the support of our investors who saw the value of this acquisition and moved swiftly to consummate this transaction.” said Tailwater E&P CEO Doug Prieto in the statement.
Kirkland & Ellis LLP, Winston & Strawn LLP and Foley & Lardner LLP represented Tailwater E&P in connection with the transaction, while Vinson & Elkins, LLP represented Accelerate.
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