OFSCap acquires The Oil and Gas Asset Clearinghouse

HOUSTON -- OFSCap, LLC, today announced that its affiliate, OFSCap Acquisition, LLC, has acquired The Oil and Gas Asset Clearinghouse from CenterGate Capital. Clearinghouse markets oil and gas properties and, since its inception, has sold over $13 billion worth of property in more than 32,000 transactions. The company is the only acquisition and divestiture (A&D) advisory services firm in the industry offering live auction and negotiated transaction services. Clearinghouse is utilizing its extensive database, which is considered the largest broker/dealer approved database of buyers and sellers of energy properties.

 

The Clearinghouse name and brand will be a cornerstone and eventually strengthened with new products, services and offerings. The current team of 20 Clearinghouse professionals will remain with the company and be combined with OFSCap’s worldwide investment banking team.

 

James C. Row, OFSCap co-founder and managing director, said: “We see an opportunity to evolve and grow Clearinghouse through innovative new products and services. We plan to make the necessary investments to become the industry’s technology leader, provide the best service, and grow the database and offerings globally.”