Ridgemont Equity Partners and Post Oak Energy Capital commit $100 million to Titan River Energy
HOUSTON -- Ridgemont Equity Partners and Post Oak Energy Capital today announced a $100 million capital commitment to the management team of Titan River Energy. Titan River’s management team will be co-investing alongside Ridgemont and Post Oak. No other financial terms of the transaction were disclosed.
Titan River is a newly formed oil and gas company headquartered in Fort Worth, Texas, with an additional office in The Woodlands. Titan River will initially focus on the drilling and development of oil-prone shale plays in Texas. The company’s management team includes Chip Simmons, CEO; Lee Matthews, President and COO; Don Pearce, EVP of drilling operations; Kent Bowker, EVP of Geology; and Brennan Potts, VP of land and business development.
The management team has experience in the geologic assessment, drilling and completion of over 400 horizontal wells in several major shale plays, with a recent focus on the Eagle Ford Shale.