New Eagle Ford driller and producer
Pachira Oil & Gas bought nearly 10,000
net acres of leasehold in the play and
20 net horizontal wells with oil-weighted
production, backed by Denver-based
Fulcrum Energy Capital Funds.
The assets have substantial upside
potential through capital-light operations
optimization. Fulcrum president Brad
Morse said the assets were acquired “at
an attractive valuation based only on
existing production and current cash
flow from a seller that was experiencing
financial distress.”Through Pachira, Fulcrum increases
exposure to the Gulf Coast crude market.
The firm targets privately......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.