Home | Business News | Browse by Publication | B | Business Wire

HM Capital Partners Acquires SunTerra Resources, a Specialized Underbalanced E&P Company.

Publication: Business Wire
Publication Date: 09-MAR-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
New Platform Continues Successful Investment Focus on Energy Sector, Expected to Help Reduce Finding and Development Costs in Proven Basins

DALLAS -- HM Capital Partners LLC, a leading Dallas-based, sector-focused private equity firm, today announced that is has acquired SunTerra Resources LLC, a newly formed exploration and production company that will utilize underbalanced drilling techniques ("UBD"), and, in particular, underbalanced horizontal drilling ("UBHD") to extract oil and gas from acreage with proven producing reserves. Financial terms of the transaction were not disclosed.

UBD is an alternative well completion technique that enables exploration and production companies to reduce their overall finding and development costs and optimize their proven...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Business Wire
Time Warner Cable Launches Primetime On Demand., March 09, 2009
Jackson Fund Services[R] Launches New Web Site in Support of 2009 Busi..., March 09, 2009
Wolters Kluwer Financial Services and Learn.com Partner to Offer Finan..., March 09, 2009
Artisanal Premium Cheese Secures Revolving Credit Facility., March 09, 2009
Starwood Continues Worldwide Expansion with Opening of W Doha., March 09, 2009

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.