Trilantic, Riverstone Get Behind Upstream Oil, Gas Venture

Law360, New York (April 23, 2013, 4:41 PM EDT) -- A pair of private equity houses have backed a newly formed oil and gas exploration company targeting Texas' resource-rich Permian Basin, adding themselves to a growing list of investment firms betting on upstarts with prime acreage on the most sought-after plays in the U.S.

Trilantic Capital Management LLC and Riverstone Holdings LLC, both headquartered in New York, each poured funding into Trail Ridge Energy Partners II, a west Texas exploration and production outfit headed up by petroleum industry veteran and oil and gas entrepreneur Ron Wade....
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