Maverick Acquires FourPoint

Maverick Natural Resources LLC (Maverick) has acquired FourPoint Energy LLC (FourPoint), the largest producer in the Western Anadarko Basin. In conjunction with the all-equity merger, FourPoint became a wholly owned subsidiary of Maverick and was renamed Unbridled Resources LLC (Unbridled). Both Maverick and FourPoint are majority controlled by EIG Global Energy Partners (EIG) managed funds.

The acquired assets produce approximately 50,000 net barrels of oil equivalent per day (47% liquids) from Western Oklahoma and Northern Texas. The Unbridled position spans 700,000 acres across the core of the Granite Wash and Cleveland Sand plays. The acquisition also included MidPoint Midstream LLC and Wheeler Midstream LLC, which provide midstream services in the Western Anadarko Basin.

“The acquisition of FourPoint demonstrates Maverick’s ability to translate its best-in-class operational proficiency into significant growth,” said Chris Heinson, Maverick’s CEO. “Over the last several years, Maverick has become a leader in reducing costs in mature assets. Maverick’s transformation process allows us to rapidly deploy technology and analytics to drive reductions in G&A and lease operating expense. By renaming FourPoint Energy to Unbridled Resources, we are signaling a shift from the traditional shale model to Maverick’s margin-focused operational strategy. These assets add to Maverick’s substantial portfolio of long-lived assets.”