Energy PE Firm Buys $140M Stake In Texas American Partners

Law360, Houston (December 17, 2012, 8:10 PM EST) -- A Houston-based energy investment affiliate of Carlson Capital LP and Bluescape Resources announced Monday that it had acquired a piece of upstream oil and gas company Texas American Partners LLC for $140 million, adding to its North American portfolio.

Parallel Resource Partners LLC, the general partner to a private equity fund focused on making controlled investments in "distress-driven opportunities in the North American upstream oil and gas sector," will provide a needed cash infusion to Texas American in return for an equity stake in the company....
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