Jumar Energy Capital, an oil and gas investment company, has entered into a joint development agreement with Mongoose Energy, a Tulsa, Okla.–based oil and gas company backed by EnCap Investments.
According to the agreement, Jumar will provide growth capital to fund development and acquire non-operated working interests in oil and gas assets in Mongoose's acreage position in the Key Largo area of Pecos County, Texas. Mongoose's contiguous acreage is strategically located in the southern Delaware Basin.
"We are excited to partner with Jumar Energy Capital and look forward to working with the Jumar team. Our partnership is key to unlocking the value of our acreage position, and we are eager to begin a successful development program in one of the most prolific areas in the Delaware Basin," said Steve Widner, president of Mongoose Energy.
