Scout Energy Partners announced the divestiture of more than $1 billion in producing oil and gas assets located in the Western Anadarko Basin to an undisclosed buyer.
The transaction includes operated upstream and midstream energy assets that Scout said were assembled over the past decade through multiple acquisitions.
The portfolio produces approximately 250 million cubic feet equivalent per day across natural gas, natural gas liquids, and helium production spanning approximately 3 million acres in the Western Anadarko Basin.
The assets also include substantial midstream infrastructure, including three gas processing plants, more than 7,200 miles of gathering pipelines, and approximately 400,000 horsepower of compression capacity.
Scout described the portfolio as a large-scale conventional energy position integrated through multiple acquisitions and operational improvements over time.
The company said the transaction represents another milestone in its strategy of acquiring, operating, improving, and optimizing upstream energy assets and midstream infrastructure investments.
RBC Capital Markets served as exclusive financial advisor to Scout Energy Partners on the transaction.
Scout Energy Partners is a Dallas-based private energy investment manager focused on upstream energy and midstream infrastructure investments. Since its founding in 2011, the company has raised nearly $2.5 billion in equity commitments and completed more than 60 energy asset acquisitions.
KEY QUOTES:
“We are happy to announce the successful conclusion of this divestiture.”
“This is an important position that we built meticulously over a decade through multiple acquisitions, creating value through integration and operating improvements.”
“We are pleased to pass on stewardship of these assets for their next chapter.”
John Baschab, Co-Founder And Managing Director, Scout Energy Partners
