Enduring Resources is a Denver-based independent oil and gas company focused on acquiring and developing oil and natural gas reserves in domestic onshore basins. Enduring is led by the former management team of Westport Resources, a publicly traded Rocky Mountain-based exploration and production company that was sold to Kerr-McGee (NYSE: KMG) in 2003.
- Enduring I: Over a six-year period, Enduring assembled and developed multiple assets located primarily in the Uinta Basin, East Texas and the Eagle Ford Shale in South Texas. Enduring monetized the majority of these assets through two major sales: the August 2008 sale of East Texas assets to Cabot Oil & Gas (NYSE: COG) for approximately $600 million and the December 2010 sale of Eagle Ford Shale South Texas assets to Statoil ASA (NYSE: STO) and Talisman Energy (NYSE: TLM) for approximately $1.4 billion.
- Enduring II: Recapitalized in June 2011, Enduring built and developed a sizeable acreage position in the core of the Wolfcamp play in the Southern Midland Basin. In May 2014, the company announced the sale of these assets to an affiliate of American Energy Partners for $2.5 billion in an all-cash transaction.