By OGJ editors
HOUSTON, Apr. 24 -- Carlyle-Riverstone Global Energy & Power Funds said it will invest an initial $250 million in Phoenix Exploration Co., a new Houston-based company formed for oil and gas exploration and property acquisitions in the Gulf Coast and Gulf of Mexico regions.
Phoenix Exploration will be led by a five energy industry veterans who recently served in senior positions at Gryphon Exploration Co. Gryphon, formed in late 2000, was acquired in August 2005 by Woodside Energy for $310 million.
