Ontario Teachers' partners in buy of J-W Energy's oil and gas assets
Ontario Teachers' Pension Plan has partnered with RedBird Capital Partners and Aethon Energy Management LLC in the acquisition of J-W Energy Co's upstream and midstream oil and gas assets located in northeast Texas and north Louisiana. As part of the deal, the terms of which were not disclosed, Haynesville and Rockies assets acquired in partnership by Aethon and Redbird are being consolidated with the J-W assets. The result is a new joint partnership called Aethon United. With the acquisition, it now holds more than 350,000 net acres and 166 million of cubic feet equivalent per day (MMcfe/d) of production.
8 August 2016•4 mins read
