Startup Bear Tracker Energy to Get $200 Million
Reported by Staff
Midstream oil and gas startup Bear Tracker Energy reported Tuesday it’s received a $200 million equity commitment, in part from a division of The Blackstone Group LP.
The company launched last year by CEO Bob Clark, told financial reporters the investment will come from Blackstone unit GSO Capital Partners LP and from Bear Tracker’s management. The funds will be be used to develop North American midstream assets.
GSO Capital Partners has $24.3 billion in assets under management. Bear Tracker didn’t provide the breakdown how much of the equity investment would come from GSO Capital Partners and how much would come from its management.
Filed Under: ARCHIVES • Corporate News
Tags: Bear Tracker Energy • colorado oil and gas industry • The Blackstone Group LP
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