Andros Capital Partners Closes $150 Million Permian Basin Drilling Joint Venture
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Andros Capital Partners has closed a joint venture with Midland-Petro D.C. Partners (MPDC) under which Andros affiliate Andros Permian will fund approximately $150 million to participate in a development drilling program targeting the highly productive Spraberry and Wolfcamp formations in Midland County, Texas.
“MPDC has assembled a world-class position in the core of the Midland Basin, and we’re excited to be a part of its development,” said Andros Managing Partner Phillip A. Gayle, Jr.
“This transaction underscores Andros’ commitment to investing in high-quality assets in partnership with talented operators. It also highlights our ability to construct a creative capital solution to enable our partner to advance their strategic objectives,” added Gayle, Jr.
About Andros Capital Partners
Andros Capital Partners is a private investment firm based in Houston, Texas. Andros combines flexible, long-duration capital with an opportunistic investment mandate, leveraging a proven track record of building, operating and monetizing assets across the energy value chain.
To stop by Andros’ website, CLICK HERE
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