Public Event Detail
MCM Energy Partners Completes Acquisition of Delaware Basin Crude Oil and Natural Gas Assets From Battalion Oil Corporation
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Event summary
MCM Energy Partners has acquired crude oil and natural gas assets in the Delaware Basin from Battalion Oil Corporation, marking a significant expansion of MCM's development platform in the Permian Basin. This acquisition includes 6,207 net acres in Ward County, Texas, adding production and development potential, and is financed through a new senior secured credit facility with Valor Upstream Credit Partners II, L.P. The move aims to increase MCM's operated inventory and drive meaningful production growth in the region.