Five Point and GSO acquire 50% interest in Twin Eagle

Five Point Capital Partners LLC and affiliates of GSO Capital Partners LP have acquired a 50% interest in Twin Eagle Resource Management LLC from Chesapeake Energy Corp. and LS Power Group. Five Point, GSO, and the management of Twin Eagle have also committed to invest up to an additional $200 million to fund the company’s next growth phase.

Headquartered in Houston, Texas, Twin Eagle 's midstream business is focused on oil, gas, and NGL gathering, marketing, pipe and rail transportation and storage, as well as frac sand trans-loading, storage, and logistics management.

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