Business
ELLIPSIS U.S. ONSHORE HOLDINGS ANNOUNCES STRATEGIC ACQUISITIONS AND FARMOUT AGREEMENT TO EXPAND NON-OPERATED PORTFOLIO
Ellipsis U.S. Onshore Holdings LLC ("Ellipsis"), a portfolio company of the Westlawn Group ("Westlawn"), is pleased to announce it has completed two transactions that further expand its position in key U.S. onshore basins through the acquisition of non-operated working interests and a large-scale farmout agreement.
About this update from Black Stone Minerals, L.p.
[{"type":"text","content":"DALLAS, Aug. 19, 2025 /PRNewswire/ -- Ellipsis U.S. Onshore Holdings LLC ("Ellipsis"), a portfolio company of the Westlawn Group ("Westlawn"), is pleased to announce it has completed two transactions that further expand its position in key U.S. onshore basins through the acquisition of non-operated working interests and a large-scale farmout agreement.","length":379,"tagName":"p"},{"type":"image","alt":"Westlawn Group (PRNewsfoto/Westlawn Group)","displaySize":"","headline":null,"caption":"Westlawn Group (PRNewsfoto/Westlawn Group)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":66,"url":"https://media.zenfs.com/en/prnewswire.com/9bb524fb4062d2e4cb41e643cc5cda32"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/HCn5lB3VvW1SCXheRnNQdA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTExNjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/9bb524fb4062d2e4cb41e643cc5cda32","width":400,"height":66}},"href":"https://mma.prnewswire.com/media/2753810/Westlawn_Full_Color_Logo_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"In the first transaction, Ellipsis has acquired high-quality, non-operated oil and gas assets in the Permian Basin of Texas and New Mexico. The acquired assets include current net production of approximately 4,000 barrels of oil equivalent per day, with upside tied to more than 600 gross remaining drilling locations. The transaction enhances Ellipsis' growing Delaware Basin footprint and aligns with the company's strategy of building scale through high-margin, low-cost, non-operated assets. On a pro forma basis, Ellipsis' assets include more than 8,200 net acres in the Northern Delaware Basin and the company expects to produce a daily average of 20,000 barrels of oil equivalent for the balance of 2025.","length":723,"tagName":"p"},{"type":"text","content":"In a separate transaction, Ellipsis has entered into a Farmout Agreement with Black Stone Minerals, L.P. (NYSE: BSM) covering approximately 270,000 gross acres across San Augustine, Nacogdoches, Angelina, Houston, and Trinity counties in East Texas. In association with BSM's drilling program with Revenant Energy LLC, the Farmout Agreement provides Ellipsis with the exclusive right to earn non-operated working interests in BSM's Haynesville acreage position, which inc...