Post Oak Energy Capital LP committed a $150 million line of equity to CP Exploration II LLC, the company said July 28. The equity was provided through investment partnerships that it manages, Post Oak added.

The commitment will support CP Exploration’s acquisitions and growth capital, the company said, noting that it is a new oil and gas company dually based in Dallas and Lafayette, La.

Its CEO is Tom Powell, and it has operated assets in East Texas and the Fort Worth Basin, Post Oak added.

"CP Exploration has a deep and proven multidisciplined technical team," said Frost Cochran, Post Oak’s managing director.

"We believe Tom and his team will continue to generate outstanding returns as they have done on numerous occasions throughout their career," he added.

"I am delighted to have an equity partner with extensive energy industry experience," said Powell.

"This equity commitment will give CPX II's team the necessary resources to pursue our acquisition-driven plan, focused on developing new upstream assets through the drillbit," he added.

Post Oak Energy Capital LP, an energy-focused private investor, is based in Houston.