Peak 10 Acquires Verado Energy’s Eastern Shelf Strawn Assets
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Peak 10 Energy has closed its acquisition of Midland Basin oil and gas assets (Verado Assets) from Black Topaz Oil & Gas and Blue Topaz Oil & Gas.
“This acquisition is a testament to our team’s ability to not only identify and close complex transactions but also to seamlessly integrate and optimize assets. Our track record in Texas, particularly with our operated positions, has proven that Peak 10 is a reliable and effective steward of high-quality oil and gas assets,” said Kyle McQuire, CEO of Peak 10 Energy.
“The successful close of this deal highlights our long-term vision and the unwavering support of our financial partners. We have significant momentum with our asset consolidation strategy, the operational expertise to optimize our existing assets, and the discipline to strategically execute our growth plan on a larger scale,” said Brandon Powell, CFO of Peak 10 Energy.
Peak 10 Energy is led by CEO Kyle McQuire and CFO Brandon Powell. McQuire and Powell have decades of upstream oil and gas experience after serving in key leadership roles with operators, energy-focused investment banks, and private equity funds. Together, they offer Peak 10 a depth and breadth of management experience unique among companies of its vintage.
Peak 10 is a portfolio company of Legacy Star Capital Partners, an Austin-based private equity firm.
Based in Houston, Peak 10 Energy specializes in the acquisition and development of oil and gas assets.
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