HOUSTON, Sept. 4, 2025 /PRNewswire/ — Peak 10 Energy announced today the closing of its acquisition of Midland Basin oil and gas assets (“Verado Assets”) from Black Topaz Oil & Gas LLC and Blue Topaz Oil & Gas LLC. The transaction closed on August 29, 2025.
Transaction Highlights
- Peak 10’s Eighth Successful A&D Transaction: The Verado acquisition marks Peak 10’s eighth successful A&D transaction since the company was founded in August 2023.
- Advancing Strategic Objectives: The Verado acquisition further demonstrates the Peak 10 management team’s ability to successfully identify, negotiate, and close opportunities across operated, non-operated, and mineral assets while maintaining their broader U.S. onshore growth strategy.
- Enhancing Operated Footprint with High-Value Assets: The Verado Assets, located in Scurry County, TX, add scale, inventory, and liquid-weighted (~70% liquids) production to a core Peak 10 operating area.
- Positioned for Long-Term Value Creation: The Verado acquisition (>90% operated) expands Peak 10’s operated footprint in Scurry County, creating a platform for long-term value creation through Peak 10’s technical and operational expertise.
Peak 10 Leadership
“This acquisition is a testament to our team’s ability to not only identify and close complex transactions but also to seamlessly integrate and optimize assets,” said Kyle McQuire, CEO of Peak 10 Energy. “Our track record in Texas, particularly with our operated positions, has proven that Peak 10 is a reliable and effective steward of high-quality oil and gas assets.”
Peak 10 Energy is led by CEO Kyle McQuire and CFO Brandon Powell. Mr. McQuire and Mr. Powell have decades of upstream oil and gas experience after serving in key leadership roles with operators, energy-focused investment banks, and private equity funds. Together, they offer Peak 10 a depth and breadth of management experience unique among companies of its vintage.
“The successful close of this deal highlights our long-term vision and the unwavering support of our financial partners,” said Brandon Powell, CFO of Peak 10 Energy. “We have significant momentum with our asset consolidation strategy, the operational expertise to optimize our existing assets, and the discipline to strategically execute our growth plan on a larger scale.”
Peak 10 is a portfolio company of Legacy Star Capital Partners, an Austin-based private equity firm.
Advisors
Petrie Partners, LLC, served as financial advisor to Peak 10 on the acquisition. Gray Reed served as Peak 10’s legal advisor.
About Peak 10
Based in Houston, Peak 10 specializes in the acquisition and development of oil and gas assets. Additional information can be found at www.peak10energy.com.
About Legacy Star Capital Partners
Legacy Star Capital Partners is a generalist private equity firm focused on private debt and equity investment opportunities in the energy, real estate, infrastructure, manufacturing, specialty finance, and technology sectors.
Cautionary Statement Regarding Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to expectations, beliefs, projections, future plans and strategies, anticipated events or trends and similar expressions concerning matters that are not historical facts. In some cases, you can identify forward-looking statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” or “potential” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements involve known and unknown risks, uncertainties, assumptions and contingencies, many of which are beyond our control, and may cause actual results to differ significantly from those expressed in any forward-looking statement. Factors that might cause such a difference include, without limitation, the ability to achieve the anticipated benefits of the Peak 10 platform, or the types, forms and performance of investment solutions and products provided by the Peak 10 platform.
Peak 10 cautions investors not to unduly rely on any forward-looking statements. The forward-looking statements speak only as of the date of this press release. Peak 10 is under no duty to update any of these forward-looking statements after the date of this press release, nor to conform prior statements to actual results or revised expectations, and Peak 10 does not intend to do so.
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SOURCE Peak 10 Energy
