Ridgemont Equity Partners and Post Oak Energy Capital announced a $100m capital commitment to the management team of Titan River Energy. Titan River`s management team will be co-investing alongside Ridgemont and Post Oak. No other financial terms of the transaction were disclosed.
Titan River is a newly formed oil and gas company headquartered in Fort Worth,Texas, with an additional office in The Woodlands. Titan River will initially focus on the drilling and development of oil-prone shale plays in Texas. The company`s management team includes Chip Simmons, CEO; Lee Matthews, President and COO; Don Pearce, EVP of drilling operations; Kent Bowker, EVP of Geology; and Brennan Potts, VP of Land and Business Development. The management team has a proven track record with extensive experience in the geologic assessment, drilling and completion of over 400 horizontal wells in several major shale plays, with a recent focus on the Eagle Ford Shale.
