Post Oak Funnels $35M into Maverick Brothers Energy
April 09, 2013
Post Oak Energy Capital, a Houston-based energy investor, has committed $35 million in equity capital to Maverick Brothers Energy. Operating primarily in Oklahoma, Maverick Brothers focuses on acquiring, developing and managing oil and natural gas properties. Its funding from Post Oak will be used for its captive drilling program as well as for acreage acquisitions. Post Oak funded $12 million at closing, with the remaining $23 million available to support future development activities on leasehold acreage and other growth initiatives.