New Company / Start-Ups | Capital Markets | Private Equity Activity
E&P Bags $300 Million for Permian & Mid-Con Development
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Pine Brook announced a $300 million line of equity investment in Red Bluff Resources Holdings, LLC. Red Bluff is a newly-formed energy company focused on acquiring, exploring, and developing onshore crude oil and natural gas reserves in the U.S. Mid-Continent and Permian basins.
Headquartered in Oklahoma City, Red Bluff is led by Chief Executive Officer Timothy Haddican, an experienced E&P executive who has played key roles with a number of oil and gas companies over his 30-year career. Most recently, Mr. Haddican was an initial member and Vice President of Operations & Engineering with RKI Exploration & Production, a private operator of assets in the Permian and Powder River basins. In more than nine years at RKI, Haddican oversaw the drilling and completion of more than 200 wells, and…
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