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Ring Energy closed its transaction with Tessara Petroleum Resources, acquiring acreage in the Permian. Tessara is a wholly owned subsidiary of The Carlyle Group L.P. The acquired acreage is in, around and contiguous to the core assets of the company in the Central basin platform. The total assets are of 4,763 net acres. Ring will have 100% working interest and 75% net revenue interest, and will be the operator.
