NGP Capital Resources Completes ATP, Partnership Investments
July 12, 2012
NGP Capital Resources Company (NGPC) announced the completion of two transactions that closed in the first two weeks of July, totaling $75 million. These investments were funded with cash on hand and borrowings under the Company's revolving credit facility.
On July 3, 2012, the Company advanced an additional $25.0 million to ATP Oil & Gas Corporation of Houston, Texas, under its limited-term overriding royalty interest in certain offshore oil and gas producing properties operated by ATP in the Gulf of Mexico. As consideration for this additional investment with ATP, the ...
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