Split Rock Resources Acquires Oil and Gas Assets in Permian Basin

January 19, 2022

Willkie advised Split Rock Resources on its acquisition of core non-operated oil and gas assets in New Mexico and Texas.

On January 18, Split Rock Resources, LLC, an affiliate of North Hudson Resource Partners LP, announced its acquisition of non-operated Permian Basin oil and gas assets from a private seller for a cash purchase price of $97.5 million. The acquisition primarily consists of core non-operated assets located in the Delaware Basin in Eddy and Lea counties, New Mexico, as well as in the Midland Basin in Glasscock County, Texas.

Split Rock Resources, LLC is an independent oil and gas company based in Fort Worth, Texas, engaged in the acquisition and development of non-operated oil and gas assets.

North Hudson Resource Partners LP is a Houston-based private equity firm focused on middle market upstream and midstream energy investments in North America.

The Willkie team was led by partner Steven Torello and associates Adam Whitehouse, Chris Atmar and Dylan Rosenfield.