Peak 10 Energy finalized the acquisition of Verado assets in the Midland Basin from Black Topaz Oil & Gas and Blue Topaz Oil & Gas, marking their eighth acquisition since August 2023. The assets in Scurry County, Texas are expected to boost liquid-weighted production and support long-term value creation, aligning with Peak 10’s US growth strategy. The company’s track record in Texas demonstrates their ability to manage high-quality assets effectively.

Peak 10 CEO Kyle McQuire praised the acquisition as a testament to the team’s ability to identify and close complex transactions, integrate assets seamlessly, and optimize operations. The Verado assets will significantly enhance Peak 10’s scale and inventory in a core area, showcasing the company’s commitment to growth and operational expertise. Legacy Star Capital Partners provided financial backing for Peak 10’s acquisition, with Petrie Partners as financial advisor and Gray Reed as legal counsel for the transaction.

Read more at Yahoo Finance: Peak 10 Energy completes Verado assets acquisition