By OGJ editors
HOUSTON, Mar. 20 -- Los Angeles investment management firm TCW and partners will acquire CDX LLC, Dallas, an onshore gas producer and drilling contractor focused on unconventional resources such as coal, shale, and tight sands.
It will buy CDX membership units in a purchase valued at $835 million. The purchase is expected to close at the end of this month.
CDX is the parent company of CDX Gas LLC, Express Drilling Systems LLC, CDX Canada, and CDX Gas International.
It has interests in 8 million acres in the US and Canada, 17 drilling rigs, and a proprietary multilateral coalbed methane development system.
