Hilcorp, Carlyle form oil and gas partnership

December 18, 2015 4:23 PM

24 0

Hilcorp, Carlyle form oil and gas partnership

HOUSTON Hilcorp Energy Co, a closely held U.S. independent exploration and production company, on Friday said it had formed a partnership with private equity firm Carlyle Group LP to acquire and develop North American oil and gas properties.

Carlyle's Energy Mezzanine Opportunities Fund, LP and Carlyle Energy Mezzanine Opportunities Fund II, LP have agreed to invest up to $1.24 billion in the newly formed partnership called Hilcorp Energy Development LP.

Also read: Tiger-backed hedge fund firm Tyrian to close, source says

Read more

To category page

Loading...