Calgary and Oklahoma City-based Lighthouse Oil & Gas Ltd. said Wednesday that it has completed its buy of oil and gas properties in western Oklahoma. Harding|Shelton Inc. was one of the sellers. No financial terms were disclosed. U.S. real asset investment firm Talara Capital Management and private equity firm The Energy & Minerals Group helped finance the transaction with equity commitments.
CALGARY, ALBERTA and OKLAHOMA CITY, OKLAHOMA–(Marketwired – Sept. 11, 2013) – Lighthouse Oil & Gas LP (“Lighthouse” or the “Company”) is pleased to announce the closing of the Company’s acquisition of certain producing oil and gas properties located in Dewey, Roger Mills and Custer counties in western Oklahoma (the “Assets”). The Assets were sold by Oklahoma City-based operator Harding|Shelton Inc. and a group of other Sellers. This formative transaction, supported by equity commitments from Talara Capital Management and The Energy & Minerals Group, as well as a senior secured credit facility, positions Lighthouse to execute on its business plan to further exploit the Tonkawa and Cleveland formations in the Anadarko basin using multi-stage fracture stimulated horizontal wells.
Lighthouse is a private company with offices in Calgary, Alberta and Oklahoma City, OK. The Company is managed by Peter L. Churcher (President and COO), Louis R. Dufresne (CEO), J. Michael Fabi (VP Engineering), Karen Y. Minton (CFO) and James R. Piland (VP Operations).
About Talara Capital Management
Talara Capital Management (“Talara”) is a real asset investment firm that focuses on the global resource and industrial sectors. Talara manages capital for its clients in both public and private investment vehicles.
About The Energy & Minerals Group
The Energy & Minerals Group (“EMG”) is a highly specialized private equity firm that focuses exclusively on investing across various facets of the global natural resource industry that are integral to the global economy. EMG has $6.2 billion of total investor commitments (including co-investments) with in excess of $3.2 billion deployed across the energy complex since inception. For additional information on EMG, please contact Alexandra Coolidge at 713-579-5029.
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