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New Rockies-Focused Midstream Co. Awarded Funding
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3Bear Energy LLC, a midstream oil and natural gas company formed in 2013 by industry veteran Robert J. Clark, announced that affiliates of GSO Capital Partners LP, a division of Blackstone (BX), Wells Fargo & Company and 3Bear management have finalized an equity commitment to pursue the development of North American midstream assets.
Bob Clark, CEO and Founder of 3Bear, commented: "I am pleased to announce the commitment to 3Bear from GSO and Wells Fargo. This is our second partnership with GSO, one of the preeminent investors in the energy industry. We previously partnered with GSO on the successful development of Bear Tracker Energy, and we look forward to working with them again as we grow 3Bear. GSO’s commitment, along with the commitment from Wells Fargo, will provide the financial…
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