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EIG and Maverick did not respond to comment requests. Jefferies declined comment.
Maverick was formed in 2018 following the Chapter 11 of its predecessor firm Breitburn Energy Partners. Since emerging from bankruptcy, it has grown through acquisitions and struck deals to acquire FourPoint Energy and some of ConocoPhillips’ (COP.N) , opens new tab assets.
Maverick primarily operates in the Anadarko basin of Oklahoma and a sub-section of the Permian basin in New Mexico known as the Northwest Shelf.
Source: Reuters
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