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Paloma Sells Package of Gulf Coast Oil, Natural Gas Wells to ... - Natural Gas Intelligence

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Paloma Sells Package of Gulf Coast Oil, Natural Gas Wells to Pompano - Natural Gas Intelligence

Pompano Resource Transformation has acquired some oil and natural assets in the Gulf Coast region, including 33 wells, from Houston-based Paloma Natural Gas LLC.

The acquisition is Pompano’s first upstream investment, X Machina Capital Strategies (XCM) President Catherine Flax said. Pompano is an XMC subsidiary. XMC specializes in acquiring oil and gas assets, managing them through end of life and then turning them into sustainable sources of new energy, Flax said. The firm is headquartered in Fort Lauderdale, FL.

The production numbers from the assets being acquired were not disclosed.

Paloma, with assets in the Haynesville Shale, manages five programs covering 40,000 net acres in Louisiana. The company has been making moves to further its growth across the Lower 48...

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