Nexus Energy Partners Closes Acquisition from Duncan Oil Properties, Inc.

September 10, 2024 – Nexus Energy Partners is pleased to announce the successful closing of an acquisition from Duncan Oil Properties, Inc., and related entities to expand its assets and strengthen its portfolio.

‍

The deal, which closed on August 30th, includes both proved producing and proved undeveloped properties. The assets consist of seven horizontal wells with a 4.9% average working interest producing net volumes of 170 barrels of oil equivalent per day. Additionally, Nexus acquired 588 net leasehold acres covering rights in the Springer, Mississippian, and Woodford formations, providing future drilling inventory in multiple, prolific target intervals. Camino Natural Resources operates all of the acquired properties.

‍

“We are excited to complete this transaction as part of our strategy to enhance our asset base with both current production and future development opportunities," said Ben Lusher, CEO of Nexus Energy Partners. "These assets provide us with substantial growth potential and reinforce our vision of being a premier partner for investors, operators, and companies.”

‍

“This acquisition is an excellent bolt-on to the assets we acquired from Citizen Energy in 2023,” said Tony Cervi, COO of Nexus Energy Partners. “This deal is another example of Nexus using its deep technical expertise and robust commercial relationships to source investment opportunities in high-return projects.”

‍

Nexus Energy Partners is an energy investment company headquartered in Denver, Colorado, with an office in Tulsa, Oklahoma. Nexus is dedicated to creating value by investing in the energy needs of today and the energy solutions of tomorrow. This acquisition brings Nexus’ total net leasehold acreage to just over 15,000 acres, further diversifying its portfolio and reflecting its ongoing commitment to acquiring high-quality energy resources that deliver immediate and sustainable value.