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Bruin E&P Partners, LLC

Company Summary

Description

Bruin E&P Partners is an oil and gas exploration and production company headquartered in Houston, TX.

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Recent news

  • 5/7/2021 - Enerplus Quadrupled... (subscriber access)
  • 3/11/2021 - Enerplus Closes on... (subscriber access)
  • 2/4/2021 - Enerplus Closes on... (subscriber access)
  • 1/26/2021 - Enerplus Launches $115MM... (subscriber access)
  • 1/26/2021 - Enerplus Holds Hedges on... (subscriber access)

Company Transactions

Date: 3/31/2021
Type: Acquisition

BUYERS:
  • Enerplus Corporation
    • SELLERS:
  • Bruin E&P Partners, LLC
    • DETAILS:

    COST: 465 $MM

    VOLUMES: 24 MBOE/d

    ACRES: 151000 Acres

    NOTES:
    Enerplus has reached a deal to acquire Bruin E&P HoldCo in an all-cash, $465 million deal. Bruin holds 151,000 net acres in the Williston Basin and production of 24 Mboe/d (72% oil, 14% NGL, 14% natural gas.) They are funding the deal with a new $400 million term loan and $115 million in bought deal equity financing.
    REGIONS:
  • Williston Basin

    • Date: 9/8/2017
    Type: Acquisition

    BUYERS:
  • Bruin E&P Partners, LLC
    • SELLERS:
  • Battalion Oil Corporation
    • DETAILS:

    COST: 1.4 $B

    VOLUMES: 29 MBOE/d

    ACRES: 104000 Acres

    NOTES:
    Halcon Resources has entered into a deal with Bruin E&P Partners, an Arclight Capital Partners portfolio company, to sell its operated Williston Basin assets for $1.4 billion.
    REGIONS:
  • Williston Basin