Post Oak Energy Capital has announced an equity commitment to Tiburon Oil & Gas Partners, alongside commitments from management and additional investors. Tiburon has completed an initial leasehold acquisition in the liquids-rich portion of the Utica Shale play in Ohio and received its first Unitization Permit for development.
Tiburon's leadership team, including Scott Hudson (President and CEO), played a key role in growth at Carrizo Oil & Gas (NYSE: CRZO). The company aims to efficiently drill and develop its leasehold while expanding its position.
Henry May, Post Oak Director, expressed enthusiasm for partnering with Tiburon, noting the Utica's developmental renaissance and the potential for attractive returns. The collaboration aims to responsibly develop assets providing long-term energy supply and investor returns.