Mora Energy Completes Two Permian Basin Acquisitions and Enhances Capitalization
Acquisitions establish operating platform in the Midland Basin
Acquired assets include approximately 200 miles of natural gas gathering pipelines, four compressor stations, an amine treating facility and an acid gas injection well
Increased equity commitments and new revolving credit facility provide significant capital to support continued acquisitions and organic growth
Mora Energy (“Mora Energy” or “Mora”), today announced the closing of two acquisitions in the Midland Basin and a significant expansion of its available capital through increased equity commitments from its financial sponsor and the closing of a new revolving credit facility.
