Goldman, PE Firm Team Up On $100M Oil Co. Investment

Law360, New York (July 23, 2013, 5:26 PM EDT) -- Private equity firm Post Oak Energy Capital and Goldman Sachs Group Inc.'s asset management arm said Monday that they're pumping $100 million into upstart Texas oil and gas firm PetroEdge Energy III LLC, which has its sights set on development in the shale oil-rich Eagle Ford.

Houston-based PetroEdge said its initial focus will be on drilling and developing oil-prone shale plays in the lower Eagle Ford, having leasehold interest in more than 12,000 net acres in Texas' Brazos and Burleson Counties. The company said it will...
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