Baron Energy, Inc. acquired right, title and interest in certain oil and gas interests in Frio and LaSalle County from Ricochet Energy, Inc., Vaquillas Energy East Pearsall, Ltd., LLP, Vaquillas Energy Re-Entry Ltd., LLP, JOB Energy Partners II, Ltd., JOB Energy Partners II, Ltd., Lord's Energy, Ltd., Hubberd-Smith Energy Investments, Ltd., Nettleship Energy Investments, Ltd., Laredo Gateway Energy, Ltd. and Borden Jenkins for $7.9 million.
August 01, 2014 at 12:00 am
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Baron Energy, Inc. (OTCPK:BROE) entered into an agreement to acquire right, title and interest in certain oil and gas interests in Frio and LaSalle County from Ricochet Energy, Inc., Vaquillas Energy East Pearsall, Ltd., LLP, Vaquillas Energy Re-Entry Ltd., LLP, JOB Energy Partners II, Ltd., JOB Energy Partners II, Ltd., Lord's Energy, Ltd., Hubberd-Smith Energy Investments, Ltd., Nettleship Energy Investments, Ltd., Laredo Gateway Energy, Ltd. and Borden Jenkins for $7.9 million on May 29, 2014. Baron Energy acquired working interests ranging from 89.10% to 100% in 8,060 gross acres, 14 producing wells, and 1 salt-water disposal well. Gordon D. Dihle of Corporate Legal acted as legal advisor to Baron Energy, Inc. Overton Capital Corp. acted as exclusive financial advisor for Baron Energy.
Baron Energy, Inc. (OTCPK:BROE) completed the acquisition of right, title and interest in certain oil and gas interests in Frio and LaSalle County from Ricochet Energy, Inc., Vaquillas Energy East Pearsall, Ltd., LLP, Vaquillas Energy Re-Entry Ltd., LLP, JOB Energy Partners II, Ltd., JOB Energy Partners II, Ltd., Lord's Energy, Ltd., Hubberd-Smith Energy Investments, Ltd., Nettleship Energy Investments, Ltd., Laredo Gateway Energy, Ltd. and Borden Jenkins on July 28, 2014. Funding was provided by Petro Capital Energy Credit, LLC.
Baron Energy, Inc. is an independent oil and natural gas production company. The Company is engaged in the acquisition, operation, and exploitation of producing oil and gas properties in Texas. It focused on oil and natural gas properties in South Texas. The Companyâs focus area includes 17 counties with approximately 12,000 producing leases, 122,500 wells drilled, and 1.6 million barrels of oil equivalent per day of production.
Baron Energy, Inc. acquired right, title and interest in certain oil and gas interests in Frio and LaSalle County from Ricochet Energy, Inc., Vaquillas Energy East Pearsall, Ltd., LLP, Vaquillas Energy Re-Entry Ltd., LLP, JOB Energy Partners II, Ltd., JOB Energy Partners II, Ltd., Lord's Energy, Ltd., Hubberd-Smith Energy Investments, Ltd., Nettleship Energy Investments, Ltd., Laredo Gateway Energy, Ltd. and Borden Jenkins for $7.9 million.
BARON ENERGY, INC. 