Jones Energy Inc. (NYSE: JONE) is buying undeveloped oil assets in the Anadarko Basin for $195 million.
The assets include about 26,000 acres in the Texas panhandle and western Oklahoma.
The buyer, headquartered in Austin, develops and acquires oil and natural gas properties in the Anadarko and Arkoma basins in Texas and Oklahoma.
Jones expects to finance the deal under its revolving credit facility. The deal is expected to close by the end of 2013.
The transaction comes during a surge of oil and gas deals, including Caelus Energy LLC’s agreement to buy Pioneer Natural Resources Alaska Inc.in October, and Chevron Corp.’s (NYSE: CVX) purchase of an interest in two offshore energy sites near Australia.
For more on the energy sector, see “Fracking Fuels Energy Deals.”