[Context: On October 17, Crossing Rocks Energy II announced closing an equity financing from Old Ironsides Energy and Pearl Energy Investments. Further details and related links are below.]
Crossing Rocks Energy II, LLC Announces Equity Financing From Old Ironsides Energy And Pearl Energy Investments
FORT WORTH, Texas, Oct. 17, 2018 /PRNewswire/ — The management team comprised of Bruce Selkirk, Kevin Duncan, Philip Jordan, Scott Lakey and Preston Windham today announced the formation of Crossing Rocks Energy II, LLC (“Crossing Rocks”) and the closing of an equity financing in partnership with Old Ironsides Energy (“Old Ironsides”) and Pearl Energy Investments (“Pearl”).
Crossing Rocks is focused on acquiring, developing and monetizing North American oil and gas related assets-primarily in East Texas, Mid-continent and the Permian. Bruce Selkirk, Chief Executive Officer, said, “We couldn’t be more excited to be teaming up with these two preeminent energy private equity firms. I have a long history of success working with the principals of each of these sponsors and look forward to working with them once again. Their knowledge, experience and collaborative approach is unmatched in the industry.”
Sean O’Neill, a Co-Founder and Managing Partner at Old Ironsides, commented, “We are pleased to partner again with Bruce and the team in this latest iteration. This talented team has the full suite of capabilities, and we are confident in their ability to continue their history of success. We are excited to support the Crossing Rocks team in building out the shared vision together with Pearl.”
Billy Quinn, Managing Partner of Pearl, commented, “I have worked with Bruce in the past, and Pearl is excited to partner with him and his team in their latest venture. We look forward to working alongside Old Ironsides to support the Crossing Rocks team as they execute on our aligned strategy.”
Crossing Rocks is located at 301 Commerce St, Suite 2001, Fort Worth, Texas, 76102. For additional information, please contact:
|President and Chief Executive Officer|
|Executive Vice President – Land and General Counsel|
|Executive Vice President – Business Development|
|Chief Operating Officer|
|Chief Financial Officer|
About Old Ironsides Energy
Old Ironsides Energy, LLC is an independent oil and gas investment manager that has built a platform for investing in private equity and drilling joint ventures, and has a history of creating value in the energy business.
About Pearl Energy Investments
Pearl Energy Investments is a Dallas-based energy investment firm focused on partnering with best-in-class management teams to invest in the lower-to-middle market North American upstream, midstream, and oilfield services sectors.