Epsilon to acquire Peak Exploration & Production and Peak BLM Lease from Yorktown Partners for $86.3m

Epsilon, an onshore natural gas and oil production and gathering company, agreed to acquire Peak Exploration & Production, a provider of exploration and development services intended for oil and gas properties, and Peak BLM Lease, an oil and gas company from Yorktown Partners, an energy-focused private equity firm, for $86.3m. "This is a key step forward for the company. We are acquiring a large under exploited asset at an attractive price. The acquisition brings additional balance to our portfolio and importantly, provides both control of the investment cadence and increased optionality to deploy capital for our shareholders as conditions warrant. We are excited to add Yorktown as a large shareholder. I personally have long history with the firm going back over 20 years. We want to thank the Peak team, led by Jack Vaughn, for their help putting this together and we're excited to work with them going forward," Jason Stabell, Epsilon's Chief Executive Officer.