Vortus Investment Advisors and Weatherly Oil & Gas have partnered up to pursue oil and natural gas opportunities in the Ark-La-Tex region. No financial terms were disclosed. Stephen Szalkowski, Lauren Anderson and Alice Parker from Latham & Watkins LLP advised Vortus on the deal while Larry Hall and Jonathan Platt from Baker Botts LLP advised Weatherly.
FORT WORTH, Texas, Oct. 5, 2017 /PRNewswire/ — Weatherly Oil & Gas, LLC (“Weatherly”) announced today that it has partnered with Vortus Investment Advisors, LLC (“Vortus”). Based in Fort Worth, Weatherly focuses on acquiring and developing large legacy assets in the Ark-La-Tex region where the team boasts a successful operational track record.
Led by founder and CEO Perry Reed, Chief Operating Officer Amy Omar, and Chief Financial Officer Marshall Robinson, Weatherly has assembled a pedigreed team of technical and commercial professionals with proven track records of success operating in East Texas and North Louisiana. Leveraging the team’s experience ranging from Exco to Exxon, Weatherly intends to utilize practices both old and new to realize the substantial value across its broad asset base of approximately 180,000 net acres with multiple producing horizons (including Cotton Valley, Bossier, and Haynesville) in partnership with Vortus.
Jeffrey Miller and Brian Crumley, the Managing Partners at Vortus commented, “Vortus is excited to partner with Weatherly in the low-cost Ark-La-Tex region. Given the Weatherly team’s highly pedigreed background, this team is highly qualified to exploit this platform asset and deliver significant growth for the benefit of our partnership.”
CEO Perry Reed explained, “Weatherly is thrilled to partner with Vortus in our endeavor to deliver value through the execution of an extensive workover campaign coupled with thoughtful developmental drilling. Acquiring and subsequently unlocking value in large legacy Ark-La-Tex assets is what Weatherly set out to do, and this opportunity couldn’t fit the bill better.”
Weatherly Oil & Gas, LLC is a Fort Worth-based oil and natural gas company primarily focused on exploiting natural resources in the Ark-La-Tex region. Weatherly is operated by an affiliate Weatherly Operating, LLC, which is led by Chairman and CEO Perry Reed, Chief Operating Officer Amy Omar, and Chief Financial Officer Marshall Robinson.
For more information or media inquiries, please contact Weatherly at email@example.com
About Vortus Investments
Vortus Investment Advisors is a Fort Worth-based private equity firm focused on the lower to middle market upstream energy industry in North America. Vortus has an asset-based investment strategy, targeting privately negotiated transactions in the lower to middle market requiring approximately $50 million to $75 million of equity capital in partnership with successful owner/operators. For additional information, visit www.vortus.com.
Weatherly was advised by Larry Hall and Jonathan Platt from Baker Botts L.L.P.
Vortus was advised by Stephen Szalkowski, Lauren Anderson and Alice Parker from Latham & Watkins LLP