Houston-based Robinson's Bend Production II LLC has acquired net profits interests attributable to underlying working interests concerning the Robinson's Bend formations in the Black Warrior Basin in Alabama from Torch Energy Royalty Trust, managed by Torch Energy Royalty Trust, Houston, (NYSE: TRU) for an undisclosed price.
The trust also plans to sell net profits interests attributable to underlying working interests in certain fields that produce from the Cotton Valley and Austin Chalk formations in Texas and Chalkley Field in Louisiana to an undisclosed buyer for an undisclosed price.
Both deals are expected to close before December 31, 2011.
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