Le Lézard
Classified in: Oil industry, Business
Subject: CON

Weatherly Oil & Gas Announces Partnership With Vortus Investment Advisors To Pursue Oil And Natural Gas Opportunities In Ark-La-Tex

FORT WORTH, Texas, Oct. 5, 2017 /PRNewswire/ -- Weatherly Oil & Gas, LLC ("Weatherly") announced today that it has partnered with Vortus Investment Advisors, LLC ("Vortus"). Based in Fort Worth, Weatherly focuses on acquiring and developing large legacy assets in the Ark-La-Tex region where the team boasts a successful operational track record. 

Led by founder and CEO Perry Reed, Chief Operating Officer Amy Omar, and Chief Financial Officer Marshall Robinson, Weatherly has assembled a pedigreed team of technical and commercial professionals with proven track records of success operating in East Texas and North Louisiana.  Leveraging the team's experience ranging from Exco to Exxon, Weatherly intends to utilize practices both old and new to realize the substantial value across its broad asset base of approximately 180,000 net acres with multiple producing horizons (including Cotton Valley, Bossier, and Haynesville) in partnership with Vortus.

Jeffrey Miller and Brian Crumley, the Managing Partners at Vortus commented, "Vortus is excited to partner with Weatherly in the low-cost Ark-La-Tex region.  Given the Weatherly team's highly pedigreed background, this team is highly qualified to exploit this platform asset and deliver significant growth for the benefit of our partnership."

CEO Perry Reed explained, "Weatherly is thrilled to partner with Vortus in our endeavor to deliver value through the execution of an extensive workover campaign coupled with thoughtful developmental drilling.  Acquiring and subsequently unlocking value in large legacy Ark-La-Tex assets is what Weatherly set out to do, and this opportunity couldn't fit the bill better."

About Weatherly

Weatherly Oil & Gas, LLC is a Fort Worth-based oil and natural gas company primarily focused on exploiting natural resources in the Ark-La-Tex region.  Weatherly is operated by an affiliate Weatherly Operating, LLC, which is led by Chairman and CEO Perry Reed, Chief Operating Officer Amy Omar, and Chief Financial Officer Marshall Robinson.

For more information or media inquiries, please contact Weatherly at media@weatherlyoperating.com

About Vortus Investments

Vortus Investment Advisors is a Fort Worth-based private equity firm focused on the lower to middle market upstream energy industry in North America.  Vortus has an asset-based investment strategy, targeting privately negotiated transactions in the lower to middle market requiring approximately $50 million to $75 million of equity capital in partnership with successful owner/operators. For additional information, visit www.vortus.com.

Weatherly was advised by Larry Hall and Jonathan Platt from Baker Botts L.L.P.

Vortus was advised by Stephen Szalkowski, Lauren Anderson and Alice Parker from Latham & Watkins LLP

SOURCE Weatherly Oil & Gas, LLC

These press releases may also interest you

at 04:00
Industry Leaders Combine AI Innovations in First Solution Capable of Translating Audio and Visual Content   SDL (LSE:SDL), a leader in global content management, translation and digital experience, and Nuance Communications today announced a...

at 04:00
Petraviva, a luxury 1500 sq. ft. curated marble and stone boutique showroom is set to launch in Dubai with a vision to revolutionize the industry by presenting a renewed approach for buyers, architects and interior designers to discover natural stone...

at 04:00
UnicornGo is one of the early newcomers to the emerging blockchain based gaming industry, a decentralized system where all actions are recorded in a public "register", tracking all actions and ensuring a transparent system. UnicornGo is not the first...

at 03:58
Autoliv, Inc. , the worldwide leader in automotive safety systems, announces leaders for Veoneer, Inc. and Autoliv, Inc. ahead of the planned spin-off of Autoliv's Electronics business, expected to be completed in the third quarter 2018. Jan...

at 03:47
Elbit Systems Ltd. ("Elbit Systems") announced today that it is in the process of completing the acquisition of the privately-owned U.S. company Universal Avionics Systems Corporation through an asset acquisition agreement. The parties received the...

at 03:33
Quadron Cannatech Corporation (the "Company" or "Quadron") is pleased to announce that is has completed the sale of two BOSS CO2 Extraction System ("BOSS") to an authorized grower located in the Fraser Valley, British Columbia. With the...

News published on 5 october 2017 at 08:00 and distributed by: