Denham Pursues New $200M Oil Deal With Bracewell Help

Law360, New York (October 11, 2011, 5:32 PM EDT) -- Private equity firm Denham Capital Management LP on Tuesday announced that it would continue its fruitful alliance with Ursa Resources Group and provide $200 million in financing for further onshore oil exploration.

The Denham investment in Ursa Resources Group II LLC comes just days after the first Denham-backed Ursa entity sold all its assets in the Williston Basin region of North Dakota and Montana, bringing the venture to completion.

Carl Tricoli, founder of Denham Capital, commended Ursa’s recent accomplishments and said he was eager to continue...
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