As today’s low oil and gas prices increasingly drain energy companies’ cash flow and their access to capital markets is becoming more restricted, they are starting to reach out to private equity firms. Hilcorp Energy Company, a closely held U.S. independent exploration and production company, exemplifies this trend.
Houston-based Hilcorp recently announced it had formed a partnership with private equity firm Carlyle Group to acquire and develop North American oil and gas properties. Carlyle’s Energy Mezzanine Opportunities Fund and Carlyle Energy Mezzanine Opportunities Fund II have agreed to invest up to $1.24 billion in the newly formed partnership called Hilcorp Energy Development.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
