Macoma Capital invests in Bakken formation

Macoma Capital Group

Macoma Capital Group, a New York-based investment firm, has made its largest investment in an energy company focused on the acquisition, exploration, and development of oil and gas properties in the Williston Basin, one of the premier shale plays in the Bakken. The energy company structures strategic alliances and exploration agreements with leading operators and mineral owners to increase production in the basin.

"We are excited about this unique investment opportunity at the heart of the Bakken shale play," said Andrew Cohan, managing partner at Macoma Capital Group. "Our new energy partner has an established track record of successfully managing Bakken assets, and its leadership team has the necessary industry acumen and insights to capture opportunities across the basin. We look forward to working with the team in creating value for our investors."

Macoma Capital deploys its own capital alongside the money of its investors with a focus on illiquid special opportunities. This venture adds to the firm's continued investments in the North American energy sector and other hard assets, and follows the fund's successful investment in Seven Generation Energy Ltd., which has been realized.

 

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