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Investment in Oil & Gas Exploration

Andrews Kurth represented Independence Resources Management of Houston in securing a $500 million line-of-equity investment from Warburg Pincus.

Vinson & Elkins represented New York-based Warburg Pincus, a global private equity firm, in the deal that was announced on March 31.

Independence Resources is a start-up oil and gas exploration and production company that intends to use the money for opportunities in the Mid-Continent and Rockies regions, with an initial focus on the Anadarko Basin.