We stay busy and love a challenge.
Check out some of our recent notable moves below.
Acquired BXP’s operated position in the Powder River Basin. The acquisition is BRC’s first in Wyoming and is the first step-out beyond Texas since it consolidated its footprint in 2018. The addition of Wyoming to the portfolio aims to expose BRC to significant future conventional acquisition and development opportunities in the area.
Acquired Canan Operating’s position on the Waggoner Ranch in Wilbarger County. The acquisition bolts onto Burk’s existing Grayback position and provides increased control over injection and flood optimization in addition to development opportunities in the 10+ productive reservoirs that occur from 800′ – 2400′ on the ranch.
Acquired the Fargo Unit from Unitex in Wilbarger County. The legacy Amarada-Hess WFU will extend BRC’s Canyon & Palo-Pinto development in addition to bolting on low decline PDP reserves.
Rocker A Operating
Acquired all of Rocker A Operating’s operated position and associated vertical integrations in Hockley, Terry, Garza, and Scurry Counties. The acquisition expands Burk’s presence from Yoakum County, North and East into additional legacy fields along the Northern and Eastern Shelf. Additionally the purchase included various equipment and personnel to continue Burk’s ongoing cost consolidation and vertical integration of select services.
Acquired Twilco’s operated position in Wilbarger County. The acquisition is a bolt on to Burk’s existing operation on the Waggoner Ranch.
Acquired Slant’s operated and non-operated properties in Wichita, Wilbarger, and Archer Counties. The acquisition significantly expands Burk’s North Texas business unit, improves vertical integration of key cost-centers, and adds considerable ultra-low decline production profiles and reserves to its base.
Acquired the Conger field from Slant Energy in Reagan, Glasscock and Sterling Counties. The field is a recent consolidation of legacy Waggoner Brown and Chevron assets. The move extends Burk’s area of interest Southeast of the Central Basin platform to the Midland Basin and the establishment of a new basin focused asset team.
Acquired Walsh Petroleum’s Yoakum County San Andres assets. Burk first partnered with WPI to purchase the West Brahaney WFU in 1999. Burk has been active alongside WPI in its horizontal San Andres department since 2013. The consolidation of these assets and field staff to Burk’s operatorship was a long-planned and necessary step to grow its Northwest Shelf team and footprint.
Delta Oil & Gas
Acquired the SNESAU San Andres WFU and various properties in Gaines and Yoakum counties from Delta CO2. The move bolsters Burk’s position in conventional oil assets along the Central Basin Platform.
Acquired operated and non-operated assets in Freestone, Cherokee, Houston & Nacogdoches County from Legacy Reserves. The move strengthens Burk Royalty’s gas position and operation in East Texas adding over 100 vertical Cotton Valley, Bossier, Rodessa, and Travis Peak producing wells.
Divested select oil & gas gathering infrastructure in Yoakum County to Stakeholder Midstream. Burk and its partner, Walsh Petroleum, built the system in 2016 & 2017 as part of its broader horizontal San Andres development program.
Pacesetter Energy Acquisitions
Acquired various operated properties from Pacesetter Energy in Andrews County. The properties include Devonian SWDs, horizontal San Andres wells, and various vertical San Andres and Yates producers. The acquisition is part of Burk’s broader strategy to strengthen its operation in conventional oil assets in the Central Basin Platform.