Eagle Energy Partners Sells to Integrous Energy Partners

PLANO, TX / ACCESSWIRE / August 19, 2024 – Eagle Energy Partners (EEP) has announced a significant acquisition, entering into a Purchase and Sale Agreement with Integrous Energy Partners LLC (IEP). The deal involves EEP acquiring nearly all of IEP's assets, which include leasehold interests in Roosevelt County, Montana, encompassing oil and gas leasehold rights, production wells, saltwater disposal assets, and geological intellectual property. The transaction will be financed entirely through EEP stock, valued at $1 per share, with the total purchase price to be determined by an independent valuation. Jeremy A. Paul, CEO of EEP, expressed enthusiasm about the acquisition, highlighting the strategic benefits it brings. He noted that the integration of IEP's management team, which possesses substantial experience in capital markets and the oil and gas sector, will enhance EEP's operations and expedite its journey toward becoming a public company. The company aims to utilize IEP's industry connections to expand its management team post-transaction. Integrous Energy Partners, based in Austin, Texas, specializes in oil and gas exploration and production, particularly in the Williston Basin. IEP controls over 25,000 acres in a conventional production area, focusing on the economically viable "Nisku" formation and other conventional properties, which offer potential for future development. Eagle Energy Partners is an independent oil and gas asset management firm with a growing portfolio of income-generating assets and developmental drilling opportunities across Texas, Oklahoma, and the Gulf Coast Region. The company’s acquisition strategy emphasizes proven fields with existing infrastructure and immediate cash flow potential.