Exploration & Production | Deals - Joint Ventures
Breitling, Patriot Energy Form Strategic Partnership
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Breitling Energy Corporation announces a new strategic relationship with Patriot Energy, Inc. of Dallas, Texas to expand Breitling Energy's Asset Management division. As part of its unique business model, Breitling Energy's Oil and Gas Management sub-division has existing industry partners that syndicate or de-risk royalty or working interests to a network of third-party industry partners or institutional investors. This sub-division generates on-going revenue and increases reserve value through management fees, carried interests in the properties acquired and/or prospect fees.
Under an Administrative Services Agreement, Breitling Energy will provide administrative services and access to certain of Breitling Energy's oil and gas prospects for acquisitions of working interests and/or…
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