NFR Energy is acquiring $736 million in properties and plans to change its company name. The deal includes the acquisition of 66,300 net acres and 6,500 boe/d of production in the Anadarko Basin and Eagle Ford of South Texas.
The company is spending $655 million for assets in the Anadarko Basin in North Texas and Oklahoma, along with $81 million for Eagle Ford assets. The Eagle Ford assets include 2,300 acres in what the company calls the “core of the core” in DeWitt County. [Read more…]