Global alternative investment firm Värde Partners and Titanium Exploration Partners have acquired oil and gas assets within the Stack play in Oklahoma, and the Eagle Ford Shale play in Texas, US. The currently managed assets of Titanium consist of producing and non-producing oil and natural gas reserves in the Eagle Ford Shale play and in the Scoop / Stack / Merge plays in Oklahoma.
The Stack acquisition comprises non-operated working interests that cover about 3,600 net acres and 1,100 barrels of oil equivalent (boe) of daily production. These assets consist of non-operated working interests in Blaine and surrounding counties.
Titanium will manage both the assets on behalf of Värde, which provided funding for both acquisitions. Värde Partners director Markus Specks said: “We are excited to have the opportunity to partner with Titanium, and we look forward to building on this foundation of high-quality assets”.