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Carlyle, EOG Resources Sign $400M Partnership

Law360, New York (May 22, 2017, 5:49 PM EDT) -- Private equity giant The Carlyle Group LP said Monday that it has inked a deal with oil and natural gas outfit EOG Resources Inc. that will provide up to $400 million for the development of energy assets in Oklahoma.

The companies will form a joint venture to fund the development of EOG’s oil and gas assets in Ellis County, Oklahoma, according to a statement from Carlyle. The investment is being made through Carlyle Energy Mezzanine Opportunities Fund II LP, which will provide up to $400 million for the project over the next four years, the statement said.

Further terms of the...

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