True secures $500 million for Permian work

True Oil Co. LLC, Midland, has secured commitments totaling $500 million for equity investment in acquisition and development of Permian basin oil and gas assets.

The commitments are from an investor group led by Ares Management, Los Angeles.

True Oil was formed recently by Ronnie Scott, former president and chief executive operating officer of Henry Petroleum, Henry Resources, and HPC Energy of Midland.

Related Articles

BHI: Permian drives gains in weekly, yearly US rig count

10/10/2014 The US drilling rig count gained 8 units to reach 1,930 rigs working during the week ended Oct. 10, driven in large part by growth in the Permian b...

Targa Resources adding processing for Permian, Williston production

10/08/2014 Targa Resources Partners LP, Houston, will expand its natural gas gathering and processing capabilities in the Permian and Williston basins, the co...

KKR, FDL to acquire Permian properties

10/06/2014 A partnership of KKR Natural Resources (KKR) and Fleur de Lis Energy (FDL), Dallas, has agreed to acquire certain oil and gas properties in Ector a...

EPP to build processing, pipelines for Delaware basin

09/30/2014 Enterprise Products Partners LP (EPP), Houston, will build a cryogenic natural gas processing plant in Eddy County, NM, along with associated gas a...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected