ELLIPSIS U.S. ONSHORE HOLDINGS ANNOUNCES STRATEGIC ACQUISITIONS AND FARMOUT AGREEMENT TO EXPAND NON-OPERATED PORTFOLIO
Ellipsis U.S. Onshore Holdings has announced two major transactions expanding its non-operated portfolio in key U.S. basins. The first transaction involves acquiring Permian Basin assets with 4,000 barrels of oil equivalent daily production and over 600 gross drilling locations. Post-acquisition, Ellipsis will control 8,200 net acres in the Northern Delaware Basin with expected daily production of 20,000 barrels for 2025.
The second transaction is a Farmout Agreement with Black Stone Minerals (NYSE: BSM) covering 270,000 gross acres in East Texas. The agreement includes rights to earn interests in BSM's Haynesville acreage, comprising 100,000 undeveloped net acres. The commitment structure spans five years, starting with 6 wells in 2026 and scaling to 25 wells annually by year five.
Ellipsis U.S. Onshore Holdings ha annunciato due importanti operazioni che ampliano il suo portafoglio non operato in bacini chiave degli Stati Uniti. La prima operazione prevede l'acquisizione di asset nel Bacino del Permiano con una produzione di 4.000 barili di olio equivalente al giorno e oltre 600 posizioni lorde per perforazione. Dopo l'acquisizione, Ellipsis deterr脿 8.200 acri netti nel Northern Delaware Basin con una produzione giornaliera prevista di 20.000 barili per il 2025.
La seconda operazione consiste in un Farmout Agreement con Black Stone Minerals (NYSE: BSM) che copre 270.000 acri lordi nell'Est del Texas. L'accordo include il diritto di acquisire partecipazioni negli appezzamenti Haynesville di BSM, comprendenti 100.000 acri netti non sviluppati. La struttura d'impegno si estende su cinque anni, partendo con 6 pozzi nel 2026 e arrivando a 25 pozzi all'anno entro il quinto anno.
Ellipsis U.S. Onshore Holdings ha anunciado dos transacciones importantes que ampl铆an su cartera no operada en cuencas clave de EE. UU. La primera transacci贸n implica la adquisici贸n de activos en la Cuenca P茅rmica con una producci贸n de 4.000 barriles de petr贸leo equivalente diarios y m谩s de 600 ubicaciones brutas de perforaci贸n. Tras la adquisici贸n, Ellipsis controlar谩 8.200 acres netos en el Northern Delaware Basin con una producci贸n diaria prevista de 20.000 barriles para 2025.
La segunda transacci贸n es un Farmout Agreement con Black Stone Minerals (NYSE: BSM) que abarca 270.000 acres brutos en el este de Texas. El acuerdo incluye derechos para obtener participaciones en las concesiones Haynesville de BSM, que comprenden 100.000 acres netos no desarrollados. La estructura de compromisos se extiende a cinco a帽os, comenzando con 6 pozos en 2026 y escalando hasta 25 pozos anuales en el quinto a帽o.
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霊� 氩堨Ц 瓯半灅電� Black Stone Minerals (NYSE: BSM)鞕�鞚� 韺岆ǜ鞎勳泝(Farmout) 瓿勳暯鞙茧, 韰嶌偓鞀� 霃欕秬鞚� 270,000 齑濎棎鞚挫护毳� 韽磩頃╇媹雼�. 鞚� 瓿勳暯鞚� BSM鞚� Haynesville 歆�鞐棎靹� 100,000 靾滌棎鞚挫护鞚� 氙戈皽氚滌鞐� 雽�頃� 歆�攵� 須嶋摑 甓岆Μ毳� 韽暔頃╇媹雼�. 鞎届爼 甑“電� 5雲勱皠 鞚挫柎歆�氅� 2026雲� 6臧� 瓿奠溂搿� 鞁滌瀾頃� 5雲� 彀棎電� 鞐瓣皠 25臧� 瓿奠溂搿� 頇曤寑霅╇媹雼�.
Ellipsis U.S. Onshore Holdings a annonc茅 deux op茅rations majeures qui 茅tendent son portefeuille non-op茅rant dans des bassins cl茅s aux 脡tats-Unis. La premi猫re op茅ration concerne l'acquisition d'actifs dans le Bassin du Permien repr茅sentant une production de 4 000 barils d'茅quivalent p茅trole par jour et plus de 600 emplacements bruts de forage. Apr猫s l'acquisition, Ellipsis contr么lera 8 200 acres nets dans le Northern Delaware Basin avec une production quotidienne pr茅vue de 20 000 barils pour 2025.
La seconde op茅ration est un Farmout Agreement avec Black Stone Minerals (NYSE: BSM) couvrant 270 000 acres bruts dans l'est du Texas. L'accord inclut le droit d'acqu茅rir des participations dans les parcelles Haynesville de BSM, comprenant 100 000 acres nets non d茅velopp茅s. La structure d'engagement s'茅tend sur cinq ans, d茅butant par 6 puits en 2026 et passant 脿 25 puits par an 脿 la cinqui猫me ann茅e.
Ellipsis U.S. Onshore Holdings hat zwei bedeutende Transaktionen angek眉ndigt, die sein nicht-operatives Portfolio in wichtigen US-Becken erweitern. Die erste Transaktion umfasst den Erwerb von Verm枚genswerten im Permian Basin mit einer Produktion von 4.000 Barrel 脰l盲quivalent pro Tag und 眉产别谤 600 Brutto-Bohrstandorten. Nach dem Erwerb wird Ellipsis 8.200 Netto-Acres im Northern Delaware Basin kontrollieren und f眉r 2025 eine erwartete Tagesproduktion von 20.000 Barrel angeben.
Die zweite Transaktion ist ein Farmout Agreement mit Black Stone Minerals (NYSE: BSM) 眉产别谤 270.000 Brutto-Acres in Osttexas. Das Abkommen umfasst Rechte zum Erwerb von Anteilen an BSMs Haynesville-Liegenschaften, darunter 100.000 nicht entwickelte Netto-Acres. Die Verpflichtungsstruktur erstreckt sich 眉产别谤 f眉nf Jahre, beginnend mit 6 Bohrungen im Jahr 2026 und steigend auf 25 Bohrungen j盲hrlich bis Jahr f眉nf.
- None.
- Significant capital commitment required for tiered drilling program
- Non-operated position limits operational control over assets
Insights
BSM expands portfolio through farmout agreement with Ellipsis, granting access to 270,000 acres and creating long-term development opportunity in Haynesville.
This strategic farmout agreement between Black Stone Minerals (BSM) and Ellipsis represents a significant asset optimization move for BSM's extensive Haynesville acreage position. The deal covers approximately 270,000 gross acres across five East Texas counties, allowing Ellipsis to earn non-operated working interests while committing to a structured drilling program that escalates from 6 wells in 2026 to 25 wells annually by year five.
The tiered commitment structure is particularly noteworthy as it ensures systematic development of BSM's approximately 100,000 undeveloped net acres without requiring BSM to deploy its own capital. This approach aligns with optimal resource management strategies in the current natural gas market environment, where disciplined capital deployment is crucial.
For BSM, this agreement creates a clear development pathway for its Haynesville assets through Ellipsis's drilling commitments, while maintaining BSM's exposure to production upside. The structure suggests BSM retains royalty interests while Ellipsis takes on development costs and risks, a favorable arrangement for BSM's business model as a mineral rights owner.
The transaction demonstrates BSM's ability to monetize undeveloped acreage through creative deal structures rather than outright sales, preserving long-term optionality while accelerating near-term development. This approach is particularly valuable in the Haynesville shale, which remains strategically important for U.S. natural gas supply despite recent price pressures.
In the first transaction, Ellipsis has acquired high-quality, non-operated oil and gas assets in the Permian Basin of
In a separate transaction, Ellipsis has entered into a Farmout Agreement with Black Stone Minerals, L.P. (NYSE: BSM) covering approximately 270,000 gross acres across
"These transactions represent a significant step forward for Ellipsis," said Matt Gentry and Adam Howard, Managing Directors at Ellipsis. "The Permian acquisition builds on our strong
Brad Vinzant, Managing Director at Westlawn, added, "Ellipsis continues to execute a disciplined strategy focused on building a scaled, high-margin non-operated portfolio across premier North American resource plays. These transactions underscore the team's ability to source and structure attractive opportunities, and we are proud to support their continued growth."
Winston & Strawn LLP and Gray Reed & McGraw LLP served as legal counsel to Ellipsis in connection with these transactions.
ABOUT ELLIPSIS
Founded in 2023, Ellipsis is a
ABOUT WESTLAWN GROUP
Founded in 2021, Westlawn is a
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FAQ
What assets did Ellipsis acquire in the Permian Basin transaction?
What are the terms of Ellipsis's Farmout Agreement with Black Stone Minerals (BSM)?
How much will Ellipsis's total production increase after the Permian Basin acquisition?
What is the size of Ellipsis's Delaware Basin position after the acquisition?
How many undeveloped net acres does the BSM Farmout Agreement include?
