Dara Energy, a Production Focused Real Asset Company, Acquires Assets From Vinland Energy, an Appalachia Focused Operator
May 06 2024 - 6:00AM
Business Wire
Acquisition of Substantial Producing, Low
Decline Oil and Gas Assets in Kentucky, Tennesee and Texas
Dara Energy (“Dara”), a production focused company, announced it
has closed an agreement to acquire oil and gas assets in Kentucky,
Tennessee, and Texas from Vinland Energy (“Vinland”).
The assets consist of low decline, long-lived producing wells,
and their corresponding midstream infrastructure. According to Dara
CEO, Patrick Conway, the deal is poised to deliver strong
risk-adjusted returns for Dara’s investors.
The acquisition positions Dara to continue to grow its portfolio
of producing oil and gas assets with associated midstream
infrastructure. The company’s goal is to offer superior risk
adjusted returns to investors through disciplined underwriting,
efficient operations, and active risk management.
Commenting on the close, Patrick Conway said, “We are excited to
deploy capital in what we believe to be institutionally underserved
asset class: producing energy assets. Dara Energy is committed to
best-in-class operations relying on knowledgeable management and
data driven decision making. With a strategic focus on optimizing
mature, producing assets, our team is dedicated to the success of
all stakeholders from our investors to local communities.”
About Dara Energy
Dara Energy (“Dara”) is a production focused company founded in
2020. It operates a portfolio of low decline, long-lived energy
assets. The company’s focus is value creation while maintaining
discipline throughout economic cycles.
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Website: http://www.daraenergy.com Email:
info@daraenergy.com