A trio of investors from San Antonio bought and is looking to expand a Dallas-based bookkeeping company known for its focus in the oil and natural gas industry.
Chad Smith, Scott Phipps and John Summers, who are best known from their work at San Antonio-based One Cypress Energy LLC, bought Eddye Dreyer Financial Services LLC earlier this year. Financial terms of the deal were not disclosed. With the purchase, the investors have a footprint in Dallas, Houston and San Antonio. The company provides joint interest billing, revenue distribution, division order analysis, lease operating statements and other services to mineral owners, royalty owners, private equity groups, and exploration and production companies.
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SOURCE: San Antonio Business Journal