North Hudson-backed Split Rock Resources completed the acquisition of the non-operated Permian Basin oil and gas assets for $98m.

North Hudson-backed Split Rock Resources, an operator of an oil and gas company, completed the acquisition of the non-operated Permian Basin oil and gas assets for $98m. The assets are currently producing approximately 2k Boe per day and include approximately 1k net acres with substantial drilling inventory targeting the Wolfcamp, Bone Spring and additional formations. The assets are operated by a diverse group of top-tier companies and 2022 development activities are expected to increase daily production rates to over 4k Boe per day.