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Post Oak Energy Capital leads USD100m capital commitment to Nadel and Gussman

Post Oak Energy Capital (Post Oak), through investment partnerships it manages, has led a USD100 million equity commitment to Nadel and Gussman NV. Affiliates of Nadel and Gussman, LLC and the management team will co-invest alongside Post Oak.

NGNV is a Tulsa-based exploration and production company with an initial focus on the acquisition and development of oil and gas properties in the Haynesville Shale. NGNV is also evaluating additional resource shale plays throughout the United States. The NGNV team is led by industry veterans Jim Adelson and Stephen Heyman and includes Kevin DeLay, COO; Shelley Nichols, CFO; Jim Bucci, VP – Geoscience and Perry Phipps, VP – Land & General Counsel. The NGNV team has extensive experience in all phases of the oil and gas business and has a long and successful track record of acquiring and developing oil and gas assets.
 
“Post Oak is excited to again partner with Nadel and Gussman following on the heels of our successful venture in the Permian Basin,” says Post Oak Managing Director Frost Cochran. “Nadel and Gussman has a long history of successfully investing in the oil and gas business across the country and provides the ideal partner for Post Oak and its investors.”
 
Jim Adelson, President of Nadel and Gussman, LLC and CEO of NGNV, says: “I am thrilled to team up with Post Oak in this exciting new venture. Nadel and Gussman, LLC’s 75-years of operational excellence, the NGNV management team’s proven capabilities of value creation, and Post Oak’s financial and strategic strengths provide a formidable combination.”

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