MCM Energy Announces Sale of Martin County, Texas, Leasehold

MCM Energy Partners

MCM Energy Partners LLC announced the recent disposition of 756 net acres in Martin County, Texas, for $24.6 million. The position required several trades to be completed by MCM and ultimately provided a contiguous, bolt-on position for the purchasing operator.

Additionally, the company said it has sold an additional 1,870 net acres of operated and non-op leasehold in the Midland and Delaware Basins during the first half of 2018 for more than $20 million. MCM currently owns about 2,000 net acres in the core areas of the Midland and Delaware Basins, as well as 12,000 contiguous acres in central Pecos County.

MCM is a privately held company located in Midland, Texas, focused on acquiring oil and gas assets in the Permian Basin. MCM was founded in 2009 by its CEO, Miles McPherren. 

Source: MCM Energy Partners LLC

Categories: Energy, Business News

Tags: basin, Martin, MCM, Midland, net acres, Pecos

About MCM Energy Partners, LLC

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MCM Energy Partners, LLC is a privately held oil and gas company located in Midland, Texas. Out team engages in the exploration, acquisition, development and production of domestic oil and gas properties.

MCM Energy Partners, LLC
223 W. Wall Street, Suite 400 (Suite 400)
Midland, TX 79701
United States