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

Publication: Energy Weekly News
Publication Date: 27-MAR-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
HM Capital Partners LLC, a leading Dallas-based, sector-focused private equity firm, 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 reserve base. It involves drilling while keeping the pressure in the wellbore lower than the reservoir pressure in the formation being targeted, leading to...



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