Crestline fund acquires interests in DJ Basin of Colorado from Double Eagle Energy Rockies.
BANKING AND CREDIT NEWS-December 21, 2016-Crestline fund acquires interests in DJ Basin of Colorado from Double Eagle Energy Rockies
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CL Energy Opportunity Fund, LP, a fund managed by Crestline Investors, Inc., has acquired the non-operating working interests in the DJ Basin of Colorado from Double Eagle Energy Rockies LLC, the company said.
The acquired assets with production of over 5,500 barrels per day include a mix of wellbore-only working interests and leasehold interest with exposure to over 100 gross wells operated by premier DJ Basin operators.
Fort Worth, Texas-based Crestline Investors is a credit focused institutional alternative investment management firm that specializes in credit, opportunistic investments, and hedge fund and beta solutions. In addition to its Fort Worth, Texas headquarters, the company maintains affiliate offices in New York City, Chicago, London, Toronto and Tokyo.
CL Energy Opportunity Fund, LP is a fund managed by Crestline Investors, Inc. to invest in operated and non-operated oil & gas assets throughout the United States.
Fort Worth, Texas-based Double Eagle Energy Rockies LLC is an affiliate of Double Eagle Energy Holdings II LLC, a land-centered E&P company that invests in oil and gas production across the United States, with a focus on the Midland Basin. The company acquires and develops oil and gas leases, working interest, mineral rights, and royalty interests. Headquartered in Fort Worth, Texas, it also has offices in Midland, Texas, and Oklahoma City, Oklahoma.
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Dec 21, 2016|
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