New company to provide financing to small E&P independents

TPH Partners has created BlueRock Energy Capital II, a financing company that provides small, independent exploration and production operators with $1 million to $10 million of acquisition and development capital.

Offshore staff

HOUSTON -- TPH Partners has created BlueRock Energy Capital II, a financing company that provides small, independent exploration and production operators with $1 million to $10 million of acquisition and development capital.

The management of BlueRock first organized the Houston-based business more than 15 years ago under Tenneco Ventures and subsequently became a part of Domain Energy and later Range Resources.

In addition to BlueRock, TPH Partners holds a position in UP Holdings Inc., the engineering firm formed in 2008 through the combination of Universal Ensco Inc. and Pegasus International Inc.

06/03/2009

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