Oak Ridge receives $300M equity commitment from Kayne Anderson

Oak Ridge Natural Resources LLC, an independent oil and natural gas company headquartered in Tulsa, Oklahoma, has received a $300 million equity commitment from the Kayne Private Energy Income Fund LP (Kayne Anderson) and members of the management team.

Oak Ridge is a private exploration and production company formed to pursue the acquisition and development of producing oil and gas assets in North America, with a specific focus on the Ark-La-Tex and Mid-Continent regions.

Chris Jacobsen will lead Oak Ridge as president and CEO and is joined by Brian Wheeler as chief technical officer, and Robert Grisaffe as CFO. Prior to forming Oak Ridge, the team formerly ran Premier Natural Resources, an independent oil and gas company with producing assets in the Barnett and Ark-La-Tex regions. Before co-founding Premier, Jacobsen served as vice president of US operations at Vintage Petroleum, a publicly traded oil and gas company that was acquired by Occidental Petroleum for $4.1 billion in 2006.

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