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New Company Scores $1.3 Billion in New Capital
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Hilcorp Energy Company announced the establishment of a newly formed partnership, Hilcorp Energy Development, L.P., which seeks to acquire, operate and develop onshore oil and natural gas properties and related assets in North America.
In conjunction with the establishment of the Company, the Carlyle Energy Mezzanine Opportunities Fund, L.P. and Carlyle Energy Mezzanine Opportunities Fund II, L.P., funds controlled by The Carlyle Group, have entered into a definitive agreement to invest up to $1.24 billion in the newly formed partnership.
The Company actively seeks to leverage the expertise of Hilcorp's management and technical staff to exploit attractive opportunities in the North American energy sector.
David Albert, Managing Director at The Carlyle Group and Co-Head of the Carlyle…
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