{"id":654542,"date":"2013-04-25T12:48:53","date_gmt":"2013-04-25T16:48:53","guid":{"rendered":"http:\/\/www.pehub.com\/?p=198415"},"modified":"2013-04-25T12:48:53","modified_gmt":"2013-04-25T16:48:53","slug":"tph-partners-invests-in-channel-energy","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/654542","title":{"rendered":"TPH Partners Invests In Channel Energy"},"content":{"rendered":"

TPH Partners<\/strong> has invested in Channel Energy<\/strong>. Financial terms weren’t announced. Denver-based Chanel is an upstream company focused on the acquisition and development of onshore oil and gas properties across several basins in the U.S.<\/p>\n

PRESS RELEASE<\/p>\n

TPH Partners, the middle-market energy private equity funds manager, has partnered with management to form Channel Energy, LLC, an independent upstream company headquartered in Denver, Colorado. Channel is focused on the acquisition and development of onshore oil and gas properties across several basins in the U.S.<\/p>\n

\u201cWe think that now is a great time to be putting capital to work in the oil and gas business, and we have an extensive list of potentially overlooked opportunities identified\u201d
\nChannel is led by Kevin Corbett, President and CEO, and Doug Izmirian, EVP and CFO, who have almost sixty years combined experience in the oil and gas industry and a proven track record of success. Over his thirty-one year career, Mr. Corbett has led successful exploration and development projects onshore in the U.S., and in Europe, Asia and Africa, including previously founding and leading Wrangler Resources and Sequoia Production. Mr. Izmirian also has an impressive background, previously serving as co-founder and CFO of TransZap and as a co-founder of Citadel Oil and Gas Corporation.<\/p>\n

Channel will utilize management\u2019s experience and technical expertise to pursue primarily liquids-focused assets in historically prolific basins through a combination of acquisition and farm-in transactions.<\/p>\n

\u201cWe are fortunate to have the opportunity to put capital to work with such an excellent management team. Kevin is a proven oil finder with a track record of value creation, and Doug\u2019s history of successful entrepreneurship in the oil patch will add an important element to the team\u2019s skill set,\u201d said George McCormick, Managing Partner of TPH Partners.<\/p>\n

\u201cWe think that now is a great time to be putting capital to work in the oil and gas business, and we have an extensive list of potentially overlooked opportunities identified,\u201d said Kevin Corbett, President and CEO of Channel. \u201cDoug and I feel that we and the TPH Partners team are very well aligned in our views and expectations, which makes for a great partnership, and we look forward to working together in the creation and growth of this new company.\u201d<\/p>\n

About TPH Partners<\/p>\n

TPH Partners, based in Houston, Texas, is the private equity arm of Tudor, Pickering, Holt & Co., LLC, an integrated energy investment and merchant bank. TPH Partners makes private investments in the upstream, oilfield service and midstream subsectors of the energy industry. For more information on TPH Partners, please visit www.tphpartners.com.<\/p>\n

About Channel Energy, LLC<\/p>\n

Channel Energy, LLC is an independent upstream company based in Denver, Colorado. For more information on Channel, please contact Channel Energy at info@channelenergyllc.com.<\/p>\n

The post TPH Partners Invests In Channel Energy<\/a> appeared first on peHUB<\/a>.<\/p>\n

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TPH Partners has invested in Channel Energy. Financial terms weren’t announced. Denver-based Chanel is an upstream company focused on the acquisition and development of onshore oil and gas properties across several basins in the U.S. PRESS RELEASE TPH Partners, the middle-market energy private equity funds manager, has partnered with management to form Channel Energy, LLC, […]<\/p>\n","protected":false},"author":7426,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-654542","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/654542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7426"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=654542"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/654542\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=654542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=654542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=654542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}