Artis Exploration lands $180 mln in funding from Warburg Pincus
Artis Exploration Ltd, a Calgary-based oil and gas exploration and production company, has closed a $180 million growth investment with U.S. private equity firm Warburg Pincus. As a result, Warburg joins existing Canadian private equity investors in the company: Annapolis Capital, Lex Capital and 32 Degrees Capital. Founded in 2015 and led by President and CEO Darryl Metcalfe, Artis is focused on the Duvernay East Shale Basin of Western Canada, where it holds a contiguous acreage position of more than 260,000 net acres. Warburg Managing Director David Krieger said his firm sees "many compelling opportunities for future growth and development" in the Alberta basin.
29 May 2018•4 mins read
