Exploration & Production | Capital Markets | Private Equity Activity
Mississippian-Focused Maverick Scores $35MM Equity Deal
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Post Oak Energy Capital LP, through investment partnerships it manages, has reported its commitment of $35 million in equity capital to Maverick Brothers Energy LLC.
This is Post Oak's second funding deal in 30 days. On March 27, Post Oak provided equity to Titan River, see here..
Funding from the commitment will be used for shalesubscribe Enid, Oklahoma-based Maverick's captive drilling program and acreage acquisitions. Post Oak funded $12 million at closing, with the remaining $23 million available to support future development activities on leasehold acreage and other growth initiatives.
"The capital backing from Post Oak will allow us to accelerate our growth," said Bret Brickman, CEO of Maverick, "Having a financial partner with industry experience is an additional benefit."
"The…
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