Friday, 18 October 2019

Finance News

Height Capital Markets Advises Houston Energy on Capital Raise

Houston Energy, L.P. has entered into a strategic agreement with a private equity firm for deepwater Gulf of Mexico non- operated exploration projects. Height Capital Markets, LLC ("Height") served as the sole financial advisor to Houston Energy on its newly formed venture.

HoustonEnergyMr. Ron Neal, Houston Energy Co-Founder and Co-Owner, stated, "We are very pleased to enter into this venture and exploration program with our new private equity partner. With an increasingly competitive environment in the deepwater, this new venture allows us to be a stronger non-operating partner and retain a larger ownership position in our exploration projects. Moving forward, we are confident that this will have a significant and positive impact on our business and help to further Houston Energy's successful presence in the deepwater."

Willkie Farr & Gallagher LLP served as legal counsel to Houston Energy.

We aim to keep you updated weekly with relevant information concerning the Offshore Energy Sector.

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