Kayne Anderson-backed Sabinal Energy has acquired producing assets in the central basin platform of the Permian Basin from US supermajor Chevron. The move follows Chevron’s announcement last month that it plans to transact 150,000-200,000 net acres in the Permian this year through JVs, acreage swaps and/or sales. For Sabinal, the deal is its first acquisition after receiving a $300 million equity commitment from Kayne in July 2016. “The central basin platform is an area......
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