Elk Range Royalties acquires Eagle Ford assets from undisclosed seller
(WO) – Elk Range Royalties has acquired certain Eagle Ford basin mineral and royalty interests from an undisclosed private seller.
The acquired assets include roughly 1,700 net royalty acres (“NRAs”) across DeWitt, Gonzales, and Karnes counties. This acquisition marks the third Eagle Ford basin deal closed this year and is the largest single purchase the Elk Range team has made in the basin to date.
The acquired assets include 385 producing gross locations and approximately 2.1 net wells operated by top operators such as EOG, Devon, and Marathon Oil. This brings Elk Range’s total ownership in the Eagle Ford basin to over 2,700 NRA across DeWitt, Gonzales, Karnes, Webb, and Zavala counties.
Charlie Shufeldt, CEO of Elk Range commented, “We're thrilled to have secured this acquisition and proud of the Elk Range team's hard work in making it happen. Our position in the Eagle Ford Basin continues to grow, and we're excited about the opportunities that lie ahead for Elk Range in this basin.”