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New Eagle Ford Operator Lands $150 Million In Funding
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Post Oak Energy Capital announced a $150 million capital commitment to PetroEdge Energy IV, LLC. PetroEdge's management team will be co-investing alongside Post Oak.
PetroEdge is a fourth iteration of the highly successful oil and gas company headquartered in Houston, Texas. The company's management team includes Larry Richard, President and CEO; Larry Buchanan, EVP of Operations; Jack Ward, EVP of Exploration & Production; and Mark Malinski, CFO. Since 2004, PetroEdge's management has successfully built and sold three oil and gas companies. The team has a proven track record in the geologic assessment, drilling and completion of horizontal wells in shale plays. In addition, PetroEdge has deep knowledge of conventional and unconventional oil and gas development.
Most recently, PetroEdge…
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