Lime Rock to Acquire Fort Worth Basin Oil & Gas Properties

Updated 2 years 10 months ago

Lime Rock Resources agreed to acquire oil and gas properties in Montague, Wise, Denton, and Cooke Counties in Texas for $230 million, subject to adjustments. The deal is expected to close by the end of 2018.


Co-CEO

The recent acquisition provides the Lime Rock Resources fund with an entry into the liquids rich Barnett portion of the Fort Worth, which is a basin that we have been attracted to for several years. The acquisition comes with about 114,000 net acres and has relatively low associated water production rates.