US energy investment firm Juniper Capital II has formed a strategic partnership with BoomTown Oil to pursue and develop conventional and unconventional oil and gas potential in multiple basins of Lower 48, initially focusing on the Eagle Ford Shale in South Texas.
Boasting of a wide range skills and expertise, the company has acquired petrophysical and reservoir engineering experience from Shell E&P and Rosetta Resources. It has also gained substantial transactional and operational expertise after founding South Texas Reservoir Alliance.
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BoomTown were instrumental in the identification and early entry into prospective plays that includes Woodford Scoop, Niobrara and Eagle Ford Shale.
The team's operational experience includes both conventional and unconventional settings across multiple basins where they have acquired / leased in excess of 180,000 acres and drilled hundreds of horizontal wells.
BoomTown partner Michael Rozenfeld said: “BoomTown is uniquely positioned to take advantage of this oil downturn with its skillset and partnership with Juniper Capital.
“BoomTown is pleased to have found such a synergistic partner with Juniper and plans to work in concert with them to achieve compelling returns for investors.”
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By GlobalDataJuniper partner Kevin Cumming stated: “From the beginning, it has been apparent that Juniper and BoomTown share common philosophies regarding strategy and execution.
“We are pleased to partner with BoomTown, and we believe that BoomTown's creative sourcing and sound technical expertise will lead to quality investment opportunities for us to jointly pursue.”
BoomTown was advised by Wittliff / Cutter / Austin for the partnership deal, while Juniper took advise from Willkie Farr & Gallagher.