BCP Resources Acquires Permian Basin Producing Properties
- BCP Resources has acquired top tier assets in the Permian Basin, adding 1.3 MMBOE of net PDP reserves with 84% liquids. The acquisition provides stable cash flow and low decline rate production, positioning the company for future development.
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BCP Resources is a
"These properties are top tier assets that helped build the Permian Basin that we live and work in today and we are happy to keep them producing for years to come," stated Barry Portman, BCP Resources CEO. "We had the opportunity to work out a deal with an excellent company that provided us with the ability to expand. Projects like this one continue the meaningful contribution the Permian Basin makes to our country every day."
A senior energy debt facility was provided by Community National Bank of
About BCP Resources, LLC
BCP Resources is privately funded and operates existing assets for BCP Corporation and Lodestone Energy Partners. The Permian Basin operated asset base is projected to grow significantly as acquisition opportunities are evaluated, utilizing decades of experience to make strategic additions that fit the legacy investment model and generate top-tier returns. For more information, please visit the Company's website at www.bcpresourcesllc.com.
Media Contact
Cindy Portman
Media Relations
Ph 432-243-3903
c.portman@bcpcorporation.com
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SOURCE BCP Resources LLC
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