Esperanza and Andros Capital to acquire assets in the Ursa and Princess fields from ExxonMobil.

Esperanza and Andros Capital, two private investment firms, agreed to acquire assets in the Ursa and Princess fields from ExxonMobi, an oil and gas corporation. Financial terms were not disclosed. “This transformative transaction reflects the fundamental strategy that ECP set out to execute at our formation. Our dedicated team of Gulf of Mexico veterans has committed their careers to the basin. ECP is honored to be joining the world class partnership at Ursa as we launch our next chapter with this transaction,” David Dunwoody, Esperanza Managing Partner.