Lime Rock Resources to acquire a Delaware Basin property for $508m.

Lime Rock Resources, acquirers and operators of producing oil and gas properties in the United States, agreed to acquire a Delaware Basin property in Loving County, Texas for $508m. "The high volatility in the energy business over the last 18 months has created some unique opportunities in the oil and gas property market. This acquisition is one of those opportunities, which fits quite well the Lime Rock Resources acquisition strategy," Eric Mullins, Lime Rock Resources Chairman and CEO.