Warburg Pincus backs energy startup led by former Talisman execs
RimRock Oil & Gas, a new oil and gas exploration and production company, has secured a line-of-equity investment of up to US$500 million from U.S. private equity firm Warburg Pincus. Founded in December 2015, RimRock is led by President and CEO Jim Fraser and Managing Director Bob Rooney, both former senior executives of Calgary-based Talisman Energy Inc, now Repsol Oil & Gas Canada Inc. The company will focus on acquiring and developing unconventional oil and gas assets across select basins in the United States and Canada. RimRock's headquarters and other office locations were not identified.
24 February 2016•3 mins read
