HOUSTON — Rio Grande E&P LLC has completed the sale of all its oil and gas assets for an undisclosed amount. Rio Grande sold its conventional and unconventional assets to two separate undisclosed buyers.

Rio Grande was founded in 2018 by Glenn Hart, the former CEO of Michael Petroleum Corp. and Laredo Energy. Rio Grande’s financial sponsor is Intrepid Investment Management LLC, the investing arm of Intrepid Financial Partners LLC, the energy-focused merchant bank.

Since its founding, Rio Grande has assembled a meaningful portfolio of oil and gas assets in South Texas, primarily in Webb and Zapata counties. In addition to its position of mature producing conventional assets, Rio Grande also has a premier position of unconventional assets in the core dry gas window of the Lower Eagle Ford, on which it has drilled some best-in-class Eagle Ford and Austin Chalk wells.

For more information, visit www.rgep.com or call (281) 616-0505.