Langford Energy Partners Enters Midland Basin with Acquisition from Murchison Oil & Gas
Affiliates of Langford Energy Partners (LEP) has closed on the acquisition of Midland Basin assets from Murchison Oil and Gas.
“LEP’s acquisition represents a great opportunity for our team to add to its long history of operating success and delivering value to investors. We will leverage this asset as an anchor for expansion through additional bolt-on acquisitions in the Midland Basin,” said Lance Langford, LEP’s CEO.
“I’m thrilled that LEP has captured what we believe is a high-quality asset with the ideal profile to complement our stated strategy. On a personal note, it’s exciting to re-enter the area of the Midland Basin where I began my career and drilled my first wells,” said Bud Brigham, LEP’s executive chairman.
Langford Energy Partners manages a direct-to-LP fund focused on operated oil and gas investments and is led by general partners Lance Langford and Bud Brigham. Lance Langford and Bud Brigham have demonstrated industry-leading operating and commercial capabilities over more than three decades, having collectively built and managed 11 energy companies responsible for drilling over 1,500 wells across the United States.
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