Talara Capital Management, LLC, a Houston-based private equity firm investing in the North American upstream energy sector, announced the formation of Crescent Pass Energy, LLC supported by a $75m line of equity investment.
Based in Spring, Texas, the company is focused on horizontal development opportunities in East Texas and Northern Louisiana, with a primary focus on the liquids-rich Cotton Valley trend.
Crescent Pass is led by Tracy Price, CEO, a 30-year veteran of the oil and gas industry. Prior to forming Crescent Pass, Mr. Price served as the Executive VP of Business Development & Land at PetroQuest Energy Inc, where he focused on the Cotton Valley trend. He was a founding member of Newfield Exploration Corporation, originally backed by Warburg Pincus.