San Antonio, TX-based Activa Resources LLC has received a majority investment from CIC Partners, a Dallas-based private equity firm. Activa is an independent oil and gas company focused on acquiring legacy oil and gas fields and applying new technology to optimize development. The company’s current properties include a portfolio of onshore oil and gas assets in East Texas, South Texas, and Arkansas.
As part of the transaction, Marshall Payne (partner at CIC), Chris Cowan (CIC operating partner), and Bayard Friedman (CIC vice president) will join the company’s board along with John Hayes. Leigh A. Hooper will also serve on the board to represent Activa Resources AG.
Activa Resources owns a portfolio of drilling rights to oil and natural gas projects. The company commenced production of oil and natural gas in 2005.