Inflection Energy Receives Equity Investment
Inflection Energy LLC, an independent oil and gas exploration and production company, received an equity investment of undisclosed amount.
The round was led by global supply chain manager of bulk commodities Noble Group (SGX: N21), which made the investment through its natural gas and power subsidiary, Noble Americas Gas & Power Corp. (NAGP), with participation from existing investors Bregal Energy (formerly Good Energies Capital) and Hexagon.
The company intends to use the capital for a drilling program in Pennsylvania and support growth activities.
Founded in 2008 and led by Mark Sexton, Chairman and Chief Executive Officer, Inflection focuses on the development and production of Marcellus Shale natural gas resources in Pennsylvania and New York.
The company has offices in Denver, Pittsburgh and Williamsport.