Teal Natural Resources targets Eagle Ford

Teal Natural Resources LLC has been formed to acquire and develop unconventional oil and gas resources, mainly in the Eagle Ford shale play of Texas.

The company has received a commitment of $125 million from private investment firms Pearl Energy Investments through Pearl Energy Investments LP and Natural Gas Partners through NGP Natural Resources XI LP. Each firm made an initial commitment of $62.5 million.

Teal is based in Dallas. Its founding partners are Chief Executive Officer John Roby, previously with Occidental Petroleum Corp. and Titanium Exploration Partners; Pres. and Chief Geologist Neil Basu, previously with Pioneer Natural Resources; and Chief Operating Officer John King, also previously with PNR.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...