Eagle Energy Partners Announces Purchase and Sale Agreement with Integrous Energy Partners, LLC

PLANO, TX / ACCESSWIRE / August 19, 2024 / Eagle Energy Partners ("EEP" or the "Company") has entered into a Purchase and Sale Agreement with Integrous Energy Partners LLC ("IEP"). This milestone follows a previously announced Letter of Intent. EEP aims to acquire strategic assets from IEP for enhanced operational efficiencies and future growth.

The agreement includes EEP acquiring leasehold interests in Roosevelt County, Montana. Assets include oil and gas leasehold rights, wells, saltwater disposal assets, surface equipment, facilities, and geological and geophysical intellectual property. The acquisition consideration will be paid entirely with EEP stock at $1 per share, with the final purchase price determined through an independent valuation.

"We are excited about the opportunities the Integrous acquisition brings," said Jeremy A. Paul, CEO of EEP. The acquisition aligns strategic assets and adds experienced management members from IEP.

The Company plans to leverage IEP's industry relationships to grow its management team, adding significant oil and gas expertise. The Transaction is subject to customary closing requirements and is expected to close in the next few months.