Common Resources Sells for $805 Million

An $805 million sale of Common Resources has been completed through two separate transactions: the sale of the company's Haynesville assets to EXCO Resources (NYSE: XCO) and BG Group (LSE: BG) for about $466 million and the sale of its Eagle Ford assets to Talisman Energy (NYSE: TLM) for about $359 million. Common Resources provides oil and gas exploration and production services and has been backed by EnCap Investments, Pine Brook Road Partners and Soros Fund Management. The sale marks Pine Brook's first exit and generated the firm a 3x return on its investment.