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PetroCore LLC Formed Through Equity From Natural Gas Partners

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May 21, 2014

A new Dallas-based exploration and production company,PetroCore LLC, was formed through more than $100 million in equity from Natural Gas Partners, through its NGP Natural Resources X LP fund, the company said May 15. PetroCore’s management team also helped raise the equity, the company added.

Mark Hiduke, Scott Lapierre, Colin O’Farrell and David Hall lead the company. They were former managers and technical specialists at Pioneer Natural Resources Co. (NYSE: PXD) and SM Energy Inc. (NYSE: SM), the company said. They have participated in more than $6 billion of acquisition ...

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