#United States #Houston #Midland Basin #Peak 10 Energy #Black Topaz

Peak 10 Energy Strengthens Position in Midland Basin

In a notable development in the oil and gas landscape, Peak 10 Energy has confirmed the successful completion of its acquisition of the Verado Assets from Black Topaz Oil & Gas LLC and Blue Topaz Oil & Gas LLC. This transaction, which sealed on August 29, 2025, represents the eighth acquisition executed by Peak 10 since its inception in August 2023, underscoring the company's aggressive growth strategy in the evolving energy market.

Highlights of the Acquisition

This latest acquisition is pivotal for Peak 10, as it enhances its operated footprint in the Midland Basin, specifically in Scurry County, Texas. The Verado Assets are strategic not only for their size and production potential but also because they offer a healthy balance of approximately 70% liquid-weighted production. This factor is crucial as Peak 10 aims to expand its operational scale and inventory significantly.

Kyle McQuire, the CEO of Peak 10 Energy, emphasized the importance of this move, stating, "Our ability to identify and integrate high-quality assets effectively is a testament to our dedicated management team. We believe this acquisition propels us further in our long-term growth vision.” The company’s strategic positioning in Texas’ oil and gas industry has only strengthened with this deal, marking an essential step in achieving their broader growth objectives.

Brandon Powell, CFO of Peak 10 Energy, echoed this sentiment, highlighting the unshakeable support from their financial partners as a reason for the successful closure of this acquisition. Powell noted that with ongoing momentum around their asset consolidation strategy, the company is continually poised for operational optimization and expansion. "With the skills and discipline we possess, we are excited about executing our growth plan on a larger scale,” he added.

Leadership and Future Direction

The leadership at Peak 10, especially with Kyle McQuire and Brandon Powell at the helm, brings years of experience in the upstream oil and gas sector, previously serving in key positions across various reputable organizations. Their expertise is credited for formulating a robust pathway for the company’s operational success and long-term value creation.

Strategic Partnerships and Advisors

In navigating this acquisition, Peak 10 enlisted the expertise of Petrie Partners, LLC, as their financial advisor, while Gray Reed provided legal guidance throughout the transaction process. These partnerships were integral in ensuring seamless negotiations and execution.

About Peak 10 Energy

Based in Houston, Texas, Peak 10 specializes in the acquisition and development of promising oil and gas assets, with a clear focus on enhancing their operational footprints through strategic acquisitions. The recent move aligns with their overarching mission to establish a strong presence in the industry while pursuing sustainable growth and operational excellence.

The Bigger Picture

With forward-looking initiatives and an evident dedication to their strategic vision, Peak 10 Energy is positioning itself as a formidable player in the oil and gas industry. They continue to focus on identifying, negotiating, and optimizing valuable energy assets amidst a dynamic market landscape. Investors and stakeholders are encouraged to anticipate further developments as the company seeks to leverage its acquisitions for substantial long-term gains.

For more information on Peak 10 Energy and its acquisition strategies, visit www.peak10energy.com for comprehensive updates and insights.