Bison Oil & Gas Partners II LLC received a multimillion-dollar injection of strategic capital that puts the Denver-Julesburg (D-J) Basin operator on the offense, according to the company’s CEO.

The private-equity backed company said Oct. 15 that it has partnered with global alternative investment firm Värde Partners Inc. for a $155 million term loan facility to boost Bison’s D-J Basin operations.

Bison, backed by private-equity firm Carnelian Energy Capital Management LP, currently operates more than 20 wells in the D-J Basin across its roughly 50,000 net acre position in northeast Weld County, Colo.

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