Venture will develop Ellis County, OK assets
EOG Resource (ticker: EOG) and The Carlyle Group (ticker: CG) announced today a $400 million joint venture to develop EOG assets.

In this venture the Carlyle Energy Mezzanine Opportunities Fund II will provide up to $400 million to develop EOG’s Ellis County, Oklahoma assets. The development program will last four years, according to a release by Carlyle. After certain performance hurdles are achieved, Carlyle’s working interests will mostly revert to EOG.

Ellis County, Oklahoma

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