FOR IMMEDIATE RELEASE:
Infinity Energy Capital, LLC Exclusively Engaged on Illinois Basin Project
January 30th, 2014 (Houston, TX)
Infinity Energy Capital, LLC (IEC) has been engaged by Sovereign Natural Resources, Inc. (Sovereign) on an exclusive basis to work with them in the divestiture and/or development of +/- 70,000 acres in the Illinois Basin.
The Illinois Basin project represents the hard work of a number of landmen, who have entered into contracts with land owners in Union (+/-22,000 acres), Webster (+/-1,000) counties in Kentucky, and Pike (1,708), Warrick (469), Spencer (2,574), Dubois (16,373), Martin (8,862), Perry (18,387) and Crawford (1,378) counties in Indiana. Accordingly, Sovereign and the land owners are also looking for monetization of the leases, but will consider an appropriate operated drilling proposal. Their flexibility would allow for a lower upfront cost for the right partner and make their terms considerably more competitive than are otherwise available in these key counties.
Sovereign’s President, Rusty Robinson, was quoted as saying “IEC recognized our unique and aggressive ability to bring premium lease deals to the table with varying risk profiles. We were, likewise, impressed with IEC, which has a demonstrable track record of success in the strategic and capital markets. We are pleased to continue and expand our relationship with IEC and expect great things in tapping their resources for our well-credentialed prospects.”
Infinity’s Managing Partner, Chuck Watson, said, “We are thrilled to be working for Sovereign. We spent a considerable amount of time evaluating other land service companies and their personnel before deciding to work with Sovereign. They have excellent personnel and seem to know just where to go to find the exceptional acreage. Time and time again they have been ahead of the curve in the leasing world.” He also added “This operation will allow Sovereign to capitalize on an opportunity in a space our analysts have been covering for some time now.”
Infinity Energy Capital, LLC is a full service investment-banking firm, based in Houston, Texas, focused on M&A opportunities in the Exploration, Production, Oilfield Manufacturing, Oilfield Services and Midstream segments of the Domestic and International Energy Industry.
Sovereign Natural Resources, Inc. is a privately held oil and gas company with locations spanning the United States. Sovereign engages in the exploration, acquisition, development, and production of domestic oil and gas properties through out the United States.
Sovereign and its partners nominated Infinity for the “Corporate Consultancy” and “General Industry Service of The Year” awards, for The Oil and Gas Awards. Infinity has since been named finalist for both categories in the Gulf Coast and Northeast regions. Likewise, Sovereign has been similarly recognized.
Media Contact: Thomas Denton