Recoil Resources Announces Financing With Valor Upstream Credit Partners
09/14/23, 8:00 PM
Location
Industry
oil and gas
energy
Investors
Vitol, Riverstone Credit Partners, Valor Upstream Credit Partners
Recoil Resources ("Recoil"), a privately held oil and gas company focused in the oil window of the Eagle Ford shale, today announced that it has closed a senior secured term loan with Valor Upstream Credit Partners, L.P. ("VCP"). VCP is a dedicated upstream credit fund formed by Riverstone Credit Partners and Vitol.
Company Info
Location
houston, texas, united states
Additional Info
Recoil Resources is a private exploration and production company focused on acquiring and developing assets in the oil window of the Eagle Ford Shale play in South Texas. Recoil was founded in 2018 with an initial acquisition in Wilson County. Since inception, Recoil has drilled and completed 44 Eagle Ford wells and expanded its predominantly HBP'd acreage position to 55,000 acres. This contiguous position is 100% operated by Recoil with ~100% working interest and has a substantial remaining inventory of undrilled locations.