Lime Rock to Acquire Fort Worth Basin Oil & Gas Properties

Updated 3 years 1 month 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.


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.