Kelso Fund IX Exits Investment in Ajax Resources
October 31, 2018
Kelso is pleased to announce that on October 31, 2018, Ajax Resources closed the sale of substantially all of its assets to Diamondback Energy.
Ajax is an exploration and production company focusing on oil and gas development in the Permian Basin. The Company was formed in 2015 specifically to acquire certain Permian assets from W&T Offshore. Ajax operates across ~25,500 acres in Martin, Andrews, Dawson, and Gaines counties in the Northern Midland Basin.