TPH Partners, a Houston-based PE investor, has announced the formation of Principle Petroleum Partners, an upstream company headquartered in Dallas. Principle focuses on acquiring and developing oil and gas properties in the Rockies, with a primary focus on the Big Horn Basin in Wyoming. TPH made the investment through its TPH Partners II fund. TPH is the private equity arm of Tudor, Pickering, Holt & Co., an energy investment and merchant bank.
