Ridgemont Equity Takes Partnership Stake In Unitex

Law360, Houston (January 30, 2013, 6:23 PM EST) -- Ridgemont Equity Partners acquired a partnership interest in Unitex Oil & Gas LLC, expanding the private equity firm's portfolio of Texas-based energy holdings while strengthening the upstream exploration and production business's balance sheet, the companies announced Wednesday.

The companies said that the newly formed partnership has also closed on its first acquisition of conventional oil assets in Scurry County, located in northwestern Texas. Although financial terms of the deal were not disclosed, Ridgemont partner John Shimp said in a statement Wednesday he expected the investment in...
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