Post Oak Energy Capital has made a $150 million capital commitment to PetroEdge Energy IV LLC. PetroEdge’s management team will be co-investing alongside Post Oak.
Houston-based PetroEdge's management team includes Larry Richard, president and CEO; Larry Buchanan, executive vice president of operations; Jack Ward, executive vice president of exploration and production; and Mark Malinski, CFO.
Since 2004, PetroEdge's management team has built and sold three oil and gas companies, with a track record in the geologic assessment, drilling, and completion of horizontal wells in shale plays. In addition, the PetroEdge team has experience in both conventional and unconventional oil and gas development.
Most recently, PetroEdge acquired, developed, and sold an acreage position in Brazos and Burleson counties, Texas, where the company focused on drilling and developing the lower Eagle Ford (Maness) shale play. The new iteration of the company will continue to acquire and develop similar assets.