ATX’S MANAGEMENT TEAM HAS EXTENSIVE EXPERIENCE BUILDING AND OPERATING LIQUIDS-RICH PROPERTIES AND INFRASTRUCTURE IN MULTIPLE ONSHORE BASINS ACROSS THE UNITED STATES
ATX assembled a contiguous 110,000 net acre position in Johnson County, Wyoming targeting the shale objectives in the Powder River Basin. ATX was in the process of delineating its position, but has tabled efforts there to focus on development-oriented projects in more mature basins.
ATX was the successor company to Brigham Resources following the sale of its Delaware Basin assets to Diamondback Energy for $2.6 billion. At the time of the sale to Diamondback in February 2017, Brigham Resources was producing 8,500 Boe per day from its 80,185 net acres located in Pecos and Reeves counties, Texas. Brigham Resources had also built out substantial water, low pressure gas and SWD infrastructure to enhance the performance and profitability of its Delaware Basin position.
Prior to forming Brigham Resources, a subset of our management team oversaw the identification, acquisition, delineation and development by Brigham Exploration Company of approximately 375,000 net acres in the Williston Basin prior to its December 2011 sale to Statoil ASA for $4.4 billion. At the time of the sale to Statoil, Brigham Exploration was producing 14,000 Boe per day and had built out substantial water, low pressure gas and SWD infrastructure to enhance the performance and profitability of its southern Williston Basin position.