TPH Latest PE Firm To Snag Piece Of Oil, Gas Startup

Law360, New York (April 25, 2013, 12:14 PM EDT) -- Middle-market investor TPH Partners has teamed with management at a new Denver-based upstream oil and gas outfit, it said Thursday, the second time this week that a private equity firm has grabbed a piece of an exploration upstart targeting resource-rich U.S. plays.

Houston-based TPH did not say how much it would pour into the freshly formed company, Channel Energy LLC, or how big a stake it would hold in the operation. The cash infusion will help Channel build up its assets, focusing on onshore oil and...
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