Momentum Buys Assets in Fashing Field

Kayne Anderson Capital Advisors-backed Momentum Oil & Gas has completed its acquisition of certain Fashing Field oil and gas properties from Newfield Exploration. The acquired assets include interests in 60 natural gas wells, which currently produce about 3.8 million cubic feet of gas equivalent per day. Momentum was formed last year to acquire and develop oil and gas properties in the Mid-Continent and onshore Gulf Coast regions.