U.S. News HOUSTON – U.S. oil and gas patch deals continued to run hot in the second quarter, topping $30 billion with big dollar tie-ups pushing values higher, according to data released on Tuesday by energy researcher Enverus. Blockbuster mergers, such as ConocoPhillips’ $22.5 billion offer for Marathon Oil, remain a mainstay even as U.S. lawmakers call on regulators to
Ameredev II LLC Company Overview Ameredev is an Austin-based E&P company focused on the acquisition and development of oil and gas properties in the Permian Basin in West Texas. In February it closed $633 million sale of Core Southern Delaware Basin assets to Callon Petroleum Company. In March closed on an equity commitment of $400 million from EnCap Investments, L.P.
Ameredev II, backed by a $400 million private equity commitment from EnCap, is currently in the process of building its core acreage in the northern Delaware basin in Lea County, New Mexico. The acreage itself rests along the state line. Ameredev is targeting to initiate production in its acreage in late 2017-early 2018, when it starts drilling delineation wells. In
