SCOOP

Titanium Exploration Partners Acquires Vanguard's SCOOP/STACK Assets

Vanguard Natural Resources has agreed to sell it's SCOOP and STACK assets to Titanium Exploration Partners of Dallas, TX for $280MM with an expected close the middle of May 2016.

About Vanguard Natural Resources, LLC

Vanguard Natural Resources, LLC is a publicly traded limited liability company focused on the acquisition, production and development of oil and natural gas properties. Vanguard’s assets consist primarily of producing and non-producing oil and natural gas reserves located in the Green River Basin in Wyoming, the Permian Basin in West Texas and New Mexico, the Gulf Coast Basin in Texas, Louisiana, Mississippi and Alabama, the Anadarko Basin in Oklahoma and North Texas, the Piceance Basin in Colorado, the Big Horn Basin in Wyoming and Montana, the Arkoma Basin in Arkansas and Oklahoma, the Williston Basin in North Dakota and Montana, the Wind River Basin in Wyoming, and the Powder River Basin in Wyoming. More information on Vanguard can be found at www.vnrllc.com.

About Titanium Exploration Partners, LLC

Titanium Exploration Partners, LLC, is a Dallas, Texas-based oil and gas investment firm managed by Charles B. “Chip” Simmons, CEO and Peter M. Halloran, Executive Chairman and Chief Investment Officer. Titanium’s current assets consist primarily of producing and non-producing oil and natural gas reserves located in the Eagle Ford Shale play in South Texas and in the SCOOP/STACK area in Oklahoma.  Titanium considers investments in operated and non-operated assets in all US shale plays.  See www.titaniumep.com.

Hefner Energy Closes SCOOP Non-Op Divestiture

PetroVen, Inc. of Dallas, Texas, exclusively advised by Hefner Energy, has closed on the divestiture of 1,600 non-operated working interest acres in the heart of the SCOOP condensate window to an undisclosed buyer. 

Given the bid-ask spread, and volatility in the marketplace with oil prices in a downward spiral, PetroVen and Hefner Energy were both happy with the results.