Jonah Energy announced it has closed the acquisition of 100% of the interests of Grit Oil & Gas II, LLC, significantly expanding its position into the South Texas Eagle Ford region. The deal became effective October 1, 2025.
Key details from the acquisition:
- Assets are located in Maverick and Dimmit counties, Texas.
- The transaction includes:
- 105,000 contiguous net acres
- More than 300 drilling locations
- Existing production averaging approximately 35,000 BOE/d
- Production mix:
- 40% oil
- 30% NGLs
- 30% natural gas
- Target formations include:
- Eagle Ford
- Austin Chalk
- San Miguel formations
- Jonah also acquired both corporate and field employees as part of the transaction.
The acquisition continues Jonah Energy’s rapid expansion strategy. In roughly 18 months, the company has grown from primarily Wyoming operations into multiple basins across:
- New Mexico
- Oklahoma
- Kansas
- Ohio
- Texas
Strategically, this is notable because:
- South Texas still offers large undeveloped inventory in legacy Eagle Ford acreage.
- Operators are increasingly targeting stacked-pay opportunities, especially Austin Chalk intervals alongside Eagle Ford benches.
- The acreage appears positioned for near-term development activity.
The financing side included:
- Fortress Credit Corp. as Sole Lead Arranger
- Cantor Fitzgerald & Co. as Sole Structuring Advisor and Placement Agent.
The CSV shows 7 TCEQ air permit ownership transfer filings tied to Jonah Energy LLC following the Eagle Ford acquisition from Grit Oil & Gas LLC.
Summary
- Project Type: AIR NEW SOURCE REVIEW (NSR) CHANGE OF OWNERSHIP
- Status: All marked COMPLETE
- Previous Owner: Grit Oil & Gas LLC
- New Account Name: Jonah Energy LLC
- Region: TCEQ Region 16 – Laredo
- Permit Type: Primarily PBR (Permit by Rule)
- Counties Involved: Dimmit and Maverick Counties, Texas
Transferred Air Permit Sites
| Facility / Pad | County | Near City | Received Date |
|---|---|---|---|
| HAMILTON RANCH 31 PAD | Dimmit | Carrizo Springs | 5/3/2026 |
| HAMILTON RANCH 49 PAD | Dimmit | Carrizo Springs | 5/3/2026 |
| SAN PEDRO RANCH 11 PAD | Dimmit | Carrizo Springs | 5/3/2026 |
| SAN PEDRO RANCH 39 PAD | Maverick | El Indio | 5/4/2026 |
| SERENA RANCH 101 PAD | Maverick | El Indio | 4/29/2026 |
| SERENA RANCH 102 PAD | Maverick | El Indio | 4/29/2026 |
| SERENA RANCH 103 PAD | Maverick | El Indio | 4/29/2026 |
What This Indicates
These filings strongly support that Jonah Energy is formally assuming operational control of Eagle Ford producing assets acquired from Grit Oil & Gas II. The transferred permits appear tied to:
- Existing production pads
- Associated tank batteries and emissions equipment
- Active or development-ready Eagle Ford acreage in South Texas
The concentration around:
- Carrizo Springs (Dimmit County)
- El Indio (Maverick County)
Author: phinds
