Crown Oil Partners V, LP, a Midland, Texas-based operating oil and gas company, received a $100m equity commitment from Post Oak Energy Capital, LP.
The funds will be used for corporate growth capital, development acceleration and acquisitions.
Led by Mike Black and Brandon Black, Crown V specializes in implementing and optimizing secondary recovery operations as well as conducting development drilling operations in the Clearfork, Wolfcamp and Bone Springs formations in west Texas and southeast New Mexico. It works by acquiring and developing low-risk oil and natural gas exploitation properties.
FinSMEs
25/04/2014