Jonah Energy, Eiger Operating and Burk Royalty Announce Acquisition of Oil and Gas Assets in the Western Anadarko Basin

The assets acquired from Scout Energy Partners will be integrated into the existing EJ Hugoton and JBHP partnerships and operated by Eiger Operating and Burk Royalty, respectively

DENVER, May 5, 2026 – Jonah Energy LLC (“Jonah Energy”) today announced the closing of the acquisition of Scout Energy Partners’ Hugoton Field and Panhandle oil and gas assets into existing partnerships with Eiger Operating Company (“Eiger”) and Burk Royalty Co (“Burk”).
The acquisition includes approximately 10,500 operated wells, producing over 250 million cubic feet equivalent per day of natural gas, natural gas liquids and helium across approximately 3 million net acres. The transaction also includes extensive midstream assets, including over 7,200 miles of gathering pipelines, approximately 400,000 horsepower of compression capacity, and the Jayhawk and Santana gas processing plants.

EJ Hughton Partnership

The EJ Hugoton Partnership, formed in December 2025 following the acquisition of Merit Energy Company’s Hugoton Field assets, will incorporate the Kansas and northern Oklahoma Panhandle portion of the Scout acquisition. Following this acquisition, the partnership is positioned as the largest oil and gas producer in Kansas.

The jointly managed assets will be operated by Eiger, with the pro forma assets consisting of current production of 225 million net cubic feet equivalent per day of natural gas, natural gas liquids, oil and helium from over 9,000 wells across approximately 3.6 million net acres, supported by 13,700 miles of gathering infrastructure.

JBHP Partnership

The JBHP Partnership, formed in July 2025 following the acquisition of High Plains Natural Resources LLC in the Northwestern Shelf of the Permian Basin, will incorporate the southern Oklahoma Panhandle and Texas Panhandle portion of the Scout acquisition.

The addition of these assets meaningfully increases the scale of the partnership. The jointly managed assets will be operated by Burk, with pro forma production of 18 thousand barrels of oil equivalent per day, comprised of a production mix of 22% oil and 61% total liquids.

Financing and Advisors

The transaction was funded through a combination of cash on hand and asset-backed securitizations (ABS). Including the two new ABS issuances completed in connection with this transaction, Jonah Energy has completed seven ABS issuances to date, generating total proceeds of more than $3 billion.

“This transaction further expands our position in key operating areas and builds upon the momentum established by our recent Merit acquisition.” said Brian Reger, Chief Executive Officer of Jonah Energy. “We are confident these partnerships position us well to maximize the value of the assets and support our long-term strategic objectives.”

“We are grateful for the opportunity to expand our presence in Kansas and the Panhandle and are thankful for our continued partnerships with Eiger and Burk.” said Rad Weaver, Chairman of the Board of Jonah Energy.

Vinson & Elkins served as legal advisor for the acquisition and financing and Cantor Fitzgerald & Co. served as sole structuring advisor and placement agent for the financing.

About Jonah Energy LLC

Jonah Energy is an oil and gas exploration and development company headquartered in Denver, Colorado with assets in Wyoming, New Mexico, Texas, Kansas, Oklahoma and Ohio. The company is one of the largest privately held oil and natural gas producers in the US and focuses on producing oil and natural gas in an environmentally responsible manner.

MEDIA CONTACT:
Paul Ulrich, Jonah Energy
Paul.Ulrich@JonahEnergy.com
Cell: (303) 330-6346