Vinland Energy Sells Appalachia Assets to Dara Energy in Production Expansion Deal
(P&GJ) — Dara Energy, a production focused company, announced it has closed an agreement to acquire oil and gas assets in Kentucky, Tennessee, and Texas from Vinland Energy.
The assets consist of low decline, long-lived producing wells, and their corresponding midstream infrastructure. According to Dara CEO, Patrick Conway, the deal is poised to deliver strong risk-adjusted returns for Dara’s investors.
The acquisition positions Dara to continue to grow its portfolio of producing oil and gas assets with associated midstream infrastructure. The company’s goal is to offer superior risk adjusted returns to investors through disciplined underwriting, efficient operations, and active risk management.
“We are excited to deploy capital in what we believe to be institutionally underserved asset class: producing energy assets,” Conway said. “Dara Energy is committed to best-in-class operations relying on knowledgeable management and data driven decision making. With a strategic focus on optimizing mature, producing assets, our team is dedicated to the success of all stakeholders from our investors to local communities.”
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
Comments