Langford Energy Partners Closes Acquisition in Midland Basin

Langford Energy Partners (LEP), a privately held oil and gas company based in Austin, Texas, announced the completion of its acquisition of assets in the Midland Basin from Murchison Oil and Gas, LLC. This acquisition, finalized on December 6, 2024, includes approximately 8,000 net acres mostly located in Howard, Borden, and Midland Counties, Texas, with net production of approximately 7,200 barrels of oil equivalent per day, primarily from 63 operated horizontal wells. The deal is supported by substantial infrastructure, including two saltwater disposal wells. LEP plans to leverage these assets for future expansion through additional bolt-on acquisitions. Financing for the acquisition was secured through equity from Langford Energy Partners I, LP, and senior bank debt led by Texas Capital Bank. The transaction involved significant advisory support, with Vartabedian Hester & Haynes LLP, Vinson & Elkins LLP, and Kirkland & Ellis LLP as legal counsel for LEP, and RBC Richardson Barr and Holland & Knight LLP advising Murchison Oil & Gas. LEP is part of The Brigham Platform, which includes multiple energy enterprises aiming to capitalize on traditional energy sources while emphasizing innovation and operational efficiency.