Capital Markets | Private Equity Activity
Crossing Rockes Gets Funding From NGP; Permian, Mid-Continent Focus
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Crossing Rocks Energy Partners, LLC has announced the closing of an equity financing with Natural Gas Partners, through its affiliate, NGP Natural Resources XI, L.P. ("NGP").
Crossing Rocks is focused on acquiring, developing and monetizing North American oil and gas related assets primarily in the Mid-continent, East Texas and Permian basins.
Bruce Selkirk, Chief Executive Officer, said, "During my 24 year relationship with NGP, initially as an employee and, later as a principal of NGP-backed portfolio companies, we have together overcome challenges and experienced success.
Regardless of the circumstances, NGP has always been a patient, supportive and value-added partner. I look forward to continuing our profitable relationship in this venture and more to come."
David Hayes…
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