Ameredev I, LLC formed by a management team comprised of former employees of leading Permian Basin operators.
Closes on a $250 million capital commitment from EnCap Investments L.P.
May 2015 – February 2017
Acquires producing properties and undeveloped leaseholds in the southern Delaware Basin and demonstrates the productivity of the Wolfcamp Shale in Ward County with the drilling and completion of multiple long-lateral horizontal wells targeting Wolfcamp A and B.
Closes on the sale of southern Delaware Basin assets to Callon Petroleum for $633 million.
Announces the formation of Ameredev II, LLC with a $400 million equity commitment from EnCap Investments L.P. and management.
2017 - Present
Focused on the acquisition and development of a resource development project in the northern Delaware Basin.
Acquires substantially all of the oil and gas properties of Lilis Energy Inc. through a court-ordered bankruptcy process.
Ameredev combines with Advance Energy Partners forming one of the largest private independent E&P companies in the Delaware Basin.