Lime Rock Resources Announces Sale of Central Basin Platform Assets

Houston, Texas — May 7, 2025 — Lime Rock Resources (“Lime Rock”), a Houston-based energy private equity firm focused on acquiring, operating, and improving producing oil and gas properties in the United States, announced the divestiture of its Shafter Lake and Midland Farms properties held in Lime Rock Resources Fund IV (the “Fund”), located in the Central Basin Platform of Texas for gross consideration of approximately $100 million. The transaction closed on March 31, 2025 and the Fund made a significant distribution to Fund investors at quarter-end after closing. Truist Securities assisted Lime Rock in a broad and competitive sale process. “Truist did a great job marketing these assets with numerous potential buyers and we believe we received the highest value,” said Jonathan Hickman, Chief Operating Officer of Lime Rock Resources.

“We are always looking for ways to return capital to our limited partners and we’re pleased with this outcome,” said Eric Mullins, Co-Founder of Lime Rock Resources.

The sale aligns with Lime Rock’s broader strategy of disciplined capital deployment and opportunistic monetizations. Jonathan Hickman added, “We believe the transaction resulted in a good outcome for both parties. And while we’ve marketed multiple asset packages over the past two years, we’ve chosen not to transact unless we believe value is being met. That approach allowed us to achieve a fair outcome.”

About Lime Rock Resources
Founded in 2005, Lime Rock Resources is an energy-focused private equity firm that acquires, improves and operates producing oil and gas properties throughout the United States. Based in Houston, Lime Rock Resources applies a disciplined, long-term approach to asset ownership and optimization. Lime Rock Resources has built a strong track record of delivering returns to its investors by leveraging its technical and operational expertise. The firm is part of Lime Rock Management; a private equity investment platform focused on the energy sector. Since inception, Lime Rock Management has raised over $10.0 billion in private equity funds and affiliated co-investment vehicles. For more information, please visit www.limerockresources.com.