Houston, Texas – North Hudson Resource Partners LP (“North Hudson”) affiliates, Fortuna Resources III, LLC (“Fortuna”) and SRR Rockies Holdings, LLC (“Split Rock”), announced the sale of certain upstream assets to a private energy company for a cash purchase price of $174 million. The assets are located in the Delaware Basin of Texas and New Mexico. The assets were producing over 4,500 Boe per day (2-stream basis) and included drilling inventory in the Wolfcamp, Bone Spring, and additional formations.
The transaction resulted in a favorable outcome for Fortuna and Split Rock and demonstrates the strong interest in quality and diversified non-operated assets similar to what North Hudson’s remaining non-operated platforms own and are continuing to assemble.
About North Hudson
North Hudson is a Houston-based investment firm focused on opportunistic energy investments in North America. For more information on North Hudson, please visit www.northhudsonrp.com.
About Fortuna
Fortuna is an independent oil and gas company based in Houston, Texas, engaged in the acquisition and development of non-operated oil and gas assets primarily in the Permian Basin. For more information, please visit https://fortunaresourcesllc.com/.
About Split Rock
Split Rock 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 primarily in the Permian Basin, DJ Basin, and Haynesville Shale. For more information, please visit www.splitrockres.com.
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