Canyon Creek Resources LLC received a $75 million capital commitment from an affiliate of ArcLight Capital Partners LLC, Canyon Creek Resources said April 2.
Canyon Creek Resources and ArcLight formed Canyon Creek Energy Partners LLC in connection with the commitment, Canyon Creek Resources added.
Canyon Creek Energy Partners will acquire and develop Midcontinent oil and natural gas assets, Canyon Creek Resources noted.
"We are pleased to partner with ArcLight, whose strong financial support and energy industry expertise will be instrumental to our success. We have formed an exceptional management team ...