Austin oil and gas company gets $400M investment from Houston firm

An Austin oil and gas exploration and production company said Thursday it had received a $400 million investment from Houston-based EnCap Investments LP.
Ameredev II LLC, an oil and gas exploration and production company, recently sold about 16,700 net surface acres in Ward and Pecos counties in West Texas, which included oil and natural gas assets in the southern Delaware Basin, to Callon Petroleum Company (NYSE: CPE) for $633 million. That deal closed on Feb. 13.
The Ameredev funds are managed…

#URLinkedUp Austin Business News – Local Austin News | Austin Business Journal http://bit.ly/2mHeBUx

#Austin Check out URLinkedUp > http://bit.ly/1o4wis3

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s