Torrent Oil & Gas Enters Partnership with Natural Gas Partners
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Torrent Oil & Gas LLC has secured a private equity financing commitment and partnership with Natural Gas Partners (NGP) through NGP Natural Resources XI, L.P.
“With the partnership of NGP, we are positioned to execute on an exciting business strategy — identifying and acquiring a select group of assets that are undercapitalized and full of potential. In our view, this market presents unique opportunities to find and generate great value from underutilized assets,” said CEO and President Greg Wachel.
“We see great promise in this emerging company and its outlook for discovering new opportunities in the market. Torrent’s business approach, entrepreneurial vision, and corporate philosophy tie in perfectly with our investment goals in the natural resources industry,” said David Hayes, managing director of NGP.
About Torrent Oil & Gas LLC
Torrent Oil is an independent oil and natural gas company based in Houston, Texas. Its work is centered on our strategy to reinvigorate assets with new technologies, new people, and an entrepreneurial spirit. It is committed to being responsible in its efforts in producing oil and gas. This includes the safety of not only the employees, but also the people and environment that surround Torrent. The company aims to create value through the acquisition and exploitation of challenging, mature, legacy properties.
To stop by Torrent’s website, CLICK HERE
About NGP
Founded in 1988, Natural Gas Partners (NGP) is a family of private equity investment funds, with approximately $17 billion of cumulative equity commitments, organized to make investments in the natural resources sector. NGP is part of the investment platform of NGP Energy Capital Management, a premier investment franchise in the natural resources industry. In addition to NGP, NGP Energy Capital Management’s investment platform includes NGP Global Agribusiness Partners and NGP Energy Technology Partners.
To stop by NGP’s website, CLICK HERE
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