I tried to post a link to the Baytex announcement, but apparently it was holding up approval so I deleted it and reposted:
Market talk points to Stone Ridge as the Buyer with operations to be handled by its operating entity Flywheel Energy. Stone Ridge is a New York-based alternative asset management company who entered 2025 targeting $5 to $10B in PDP, a significant step-up from its $6B spent in the prior 3-years. Part of Stone Ridge’s strategy is the use of ABS financing which allows it leverage up its large PDP buys. This year, Stone Ridge paid $1B+ for Rockies gas from Kayne Anderson and Warburg Pincus-backed Terra Energy Partners 1 and just closed a $1.3B buy of Anadarko Basin assets from Conoco.
I am now officially a fan of Stone Ridge, hoping to see drilling permits and/or lease extensions north of Flatonia.
Rosewood (Hunt family from Dallas) is going to drill a well soon about 2.5 miles due East of Flatonia and just north of I-10; they are building the location as we speak …Rosewood also has built a location about 2 miles due north of Flatonia just east of the Milwhite plant and just north of Nikel Mica Road. EOG is actively leasing the Muldoon area…about 10,000-15,000 acres probably. They drilled some decent wells this year in Lavaca County on the fringe of the Eagle ford (Breslau, Moravia, St. John).