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Post Oak, GSAM Bet $100 Million on New Eagle Ford E&P

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Post Oak, GSAM Bet $100 Million on New Eagle Ford E&P

Post Oak Energy Capital and funds managed by Goldman Sachs Asset Management (GSAM) reported a $100 million capital commitment to PetroEdge Energy III LLC.

PetroEdge's management team will be co-investing alongside Post Oak and GSAM.

PetroEdge is a newly formed 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 two 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 oil and gas development.

PetroEdg…

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