Comment

Comment by OIL FINGER on May 1, 2014 at 4:10pm

The carlyle group saved the old sunoco refinery in philadelphia and built a power plant in tripoli…they have global investors and are global asset managers..

Comment by JohnL on April 30, 2014 at 2:56pm

Looks like everyone wants a piece of Mercer County. The fun might just be starting!

Comment by Jim Litwinowicz on April 30, 2014 at 12:53pm

Jim T;  Good detective work. I was going to work the phones and see what I could find out but you did a great job

Good news as this will help Hilcorp finance all these pads and wells they have been permitting. Thought that someone had to be backing such a rapid build out.

Good for the area, too, as I am sure that Carlyle did their due diligence before signing the check.  Means they are confident in the future production in our area. All good news.

PS tried to cut and paste twice but it didn't work, sorry about the other two that didn't go through.

Comment by Bob Rock on April 30, 2014 at 4:39am

When Hilcorp bought BP in Alaska for a Billion and half I wondered what might transpose in our part of the world. Thanks guys.

Comment by JREwing on April 30, 2014 at 4:29am

Thanks all!  Great info!  I have a rather high level contact/friend at The Herald and they have promised to look into the various trasactions and the whys and what-fors.  Hopefull they will contact Hilcorp and Carlyle both for comment!

Selling a 20% interest sounds like a cash generating deal.  Could actually end up being a good thing after all!

Comment by JohnL on April 30, 2014 at 4:05am

Jim- sounds like a good thing for Mercer County!  I think this explains why we aren't seeing individual lease transfers??  More money means more wells.

Comment by JohnL on April 30, 2014 at 2:53am

JR- is there any chance that Carlyle either bought into or acquired Hilcorp outright? There were 2 general agreements between Hilcorp and Carlyle that were also listed on the Recorders website. Any idea what was in those agreements?

Comment by Trapper on April 29, 2014 at 4:00pm

Four counties? Lawrence,mercer and who else.....?

Comment by JREwing on April 29, 2014 at 2:55pm

Four counties were involved in the deal. Again, I don't know specifics yet, but it appears that Hilcorp has sold the bulk of their leases to Carlyle who tend to represent foreign investment groups.

Comment by Bob Rock on April 29, 2014 at 2:33pm

Tyler , Thank you for the GPS coordinates, that sure makes it easy!

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