Mergermarket: Ring Energy to Acquire Central Basin Platform Assets of Founders Oil & Gas for USD 75m
July 11, 2023
Ring Energy, Inc., a growth oriented independent oil and natural gas company, announced that it is acquiring the Central Basin Platform assets of Founders Oil & Gas IV, LLC, a Texas-based exploration and production company, for US$75 million in cash. O’Melveny & Myers LLP serves as legal counsel to Founders.
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