Post Oak and Goldman Sachs Pumping $100M into New E&P Co.
July 24, 2013
Post Oak Energy Capital and Goldman Sachs Asset Management have announced a $100 million commitment to PetroEdge Energy III, a newly formed oil and gas company. PetroEdge’s management team will be co-investing alongside the two firms. The new company has acquired an acreage position in Texas' Brazos and Burleson Counties and will initially focus on drilling and developing the lower Eagle Ford, an oil-prone shale play.