Rockport Energy Fund Closes First Permian Deal


   
   HOUSTON, TX (DTN) -- Oil and gas operator Rockport Companies announced 
Tuesday (7/21) that the inaugural acquisition for its Rockport Energy Fund is a 
40% working interest in a drill-ready development program located in Reeves 
County, Texas, in the core of the Permian Basin.

   The deal was closed in June, and the project, referred to as Project Bravo, 
was underwritten based on performance data from more than 200 surrounding 
offset wells and benefits from existing midstream infrastructure, supporting 
established oil and gas offtake.

   Rockport indicated a second fund project is currently under a letter of 
intent, according to a company statement.




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