DALLAS, TX, February 14, 2018 /24-7PressRelease/ — Texas-based private equity firm Assured Capital has quietly added nearly 2000 acres of additional oil leases to their already burgeoning portfolio of properties throughout North Texas and Oklahoma. Since 2015 they have been aggressively adding to their energies portfolio. Recent acquisitions have them facing controlling interest in nearly 25 MBOE According to Technical Officer Mark Williams. “Prices have been depressed for over 3 years now and as everyone knows the time to buy is when prices are low,” states Williams.
Texas oil and gas regulator Ryan Sitton expects energy markets to remain “relatively stable” through 2018, with prices for West Texas crude oil hovering between $58 and $66 per barrel for most of the year. Sitton outlined his forecast on Friday at “NAPE”, a Houston energy industry gathering of companies and investors that bills itself as a place “where deals happen.”
These deals can often be the life blood for companies like Assured Capital. Thanks to lower acquisition and development prices compared to years past, there is plenty of money to be made in the oil patch again and profits are soaring. President Roger Taylor says company profits for 2017 were up 21% over 2016 and expects 2018 could see further gains beyond that. “Small to medium firms like ours have really benefitted from the opportunity to scoop up so many properties for so little. Now that oil prices have rebounded into a healthy range these properties are incredibly profitable. These revenues consist of roughly a third of our overall holdings and we expect this to be our most robust segment this year!”
Texas is set for another oil boom, with production this year expected to hit a record high. While firmly entrenched as the nation’s top oil producing state, companies like Assured Capital are expected to be in good company. For more information visit: https://www.myassuredcapital.com/
Assured Capital is a private equity firm headquartered in Dallas, TX with operations in Texas and Nevada. They actively manage a pool of energy-focused holdings with a heavy emphasis in oil producing properties.
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