OneRock Energy Completes Acquisition, Expands Presence in Powder River Basin
Gracie Gottlieb | 21 August, 2023
Houston-based oil and gas private equity firm, OneRock Energy Holdings, LLC, announced today the successful completion of its acquisition of Northwoods Management Company and its related entities. This acquisition further solidifies OneRock's presence in the Powder River Basin, a region known for its highly productive oil and gas assets.
Northwoods owns and operates a vast expanse of over 160,000 predominantly contiguous net acres of leasehold interests in Converse, Campbell, and Johnson Counties in Wyoming. These assets have been proven to produce approximately five thousand barrels of oil equivalent, making them highly valuable in the current energy market.
The completion of this acquisition marks an important milestone for OneRock Energy Holdings. As the upstream investment arm of Pan Management, OneRock is dedicated to identifying and seizing strategic acquisition and development opportunities in the energy sector. With this latest move, OneRock demonstrates its commitment to fostering growth and unlocking the untapped value of oil and gas assets.
"We are thrilled to announce the completion of our acquisition of Northwoods," said the OneRock Energy Holdings team. "This acquisition aligns perfectly with our long-term growth strategy and further establishes our presence in the highly productive Powder River Basin. We are excited about the potential of these assets and look forward to maximizing their value."
Strategic Legal Counsel
To ensure a smooth acquisition process, OneRock Energy Holdings enlisted the services of Willkie Farr & Gallagher LLP. As their legal advisor, Willkie Farr & Gallagher LLP played a crucial role in navigating the complexities of the transaction and providing expert counsel throughout the process.
About OneRock Energy Holdings
OneRock Energy Holdings is a Houston-based oil and gas private equity firm and the upstream investment arm of Pan Management. With a steadfast focus on identifying and seizing acquisition and development opportunities, OneRock is committed to fostering growth and unlocking the value of oil and gas assets. By strategically expanding its portfolio, OneRock aims to solidify its position as a leading player in the energy industry.
About Pan Management
Headquartered in Houston, Texas, Pan Management is an energy investment firm that specializes in natural gas trading, upstream oil and gas investment, and midstream oil and gas investment. Since its establishment in 2013, Pan Management has built a strong reputation for its expertise and experience in the energy sector. Boasting a leadership team with decades of combined investment experience, the firm oversees a diverse portfolio of over $2 billion in assets under management.
Looking Ahead
With the completion of the Northwoods acquisition, OneRock Energy Holdings is well-positioned to capitalize on the vast potential of the Powder River Basin. The company's dedication to identifying and seizing strategic opportunities ensures its continued growth and success in the dynamic energy market. As the demand for oil and gas remains strong, OneRock Energy Holdings will continue to explore new avenues of expansion and deliver value to its stakeholders.
Disclaimer: This article is meant for informational purposes only. It is not intended to provide investment advice or endorse any specific investment. Please consult with a professional financial advisor before making any investment decisions.
Other Posts
- Analyzing Mesirow Financial's Q4 2022 vs. Q1 2023 13F Holdings: Which Stocks Changed and Why?
- Analyzing Alpha Omega's Q4 2022 vs. Q1 2023 13F Holdings: Changes, Trends, and Insights
- The Future of Energy Investments: Electron Capital Partners Q3 2022 vs. Q4 2022
- Total Investment Management Inc's Q1 2023 vs. Q2 2023 13F Holdings Comparison
- Susquehanna Private Capital: Revolutionizing EHS Compliance Solutions for North American Facilities
- The Changing Landscape of Mutual Advisors, LLC Q4 2022 vs. Q1 2023 Holdings
- Comparing Lucas Capital Management's Q3 2020 and Q4 2020 Holdings: Winners, Losers, and Surprises
- Unveiling the Portfolio Shifts: Calton & Associates' Strategic Moves from Q4 2023 to Q1 2024
- Murphy Pohlad Asset Management LLC Q1 2023 vs. Q2 2023 13F Holdings Comparison
- The Rise and Fall: A Look at SECOR Capital Advisors LP's Q1 vs. Q2 2019 Holdings