Energy Investment Fund Drops $150M Into 2 Exploration Cos.

Law360, New York (October 18, 2013, 3:25 PM EDT) -- Franklin Square Capital Partners' FS Energy and Power Fund has invested $150 million into oil and gas exploration companies San Pedro Development and American Energy, the companies announced Friday, in a move to tap into the growing domestic fossil fuel market.

San Pedro operates in the San Miguel formation in Texas' Dimmit and Maverick Counties, while American Energy primarily works on the Utica Shale formation in Ohio. FSCP owns the FSEP, whose main strategy involves investing in debt and income equity of private U.S. energy companies....
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