Privately held Ellipsis U.S. Onshore Holdings LLC said it has acquired upstream assets across multiple Lower 48 basins with current production of more than 6,000 boe/d. 

The assets are in the Permian and Denver-Julesburg (DJ) basins, as well as the Texas-Louisiana Salt Basin, said management of Dallas-based Ellipsis. The Texas-Louisiana Salt Basin is a dry gas play best known for containing the Haynesville/Bossier shale formation.

Formed in 2023, Ellipsis is a portfolio company of Houston-based private investment firm Westlawn Group. Westlawn, for its part, was founded in 2021. The company acquires operated and nonoperated interests in producing, development and exploration assets, as well as technologies that improve production. Westlawn invests across the United States...