TPH Partners Launches Principle Petroleum

TPH Partners, the private equity arm of Tudor, Pickering, Holt & Co., has formed Principle Petroleum Partners. Dallas-based Principle is an upstream company focused on the acquisition and development of oil and gas properties in the Rockies, with a primary focus on the Big Horn Basin in Wyoming. TPH would not disclose how much it was committing to Principle. Scott Dobson, the former COO of Nimin Energy, is Principle's president and COO while Scott Gladden is the EVP of Land and Business Development.

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