Glendale Energy Ventures LLC partnered with a San Francisco-based investment firm TPG Sixth Street Partners on June 12 to fund nonop acquisitions.

The partnership includes an initial $500 million in capital commitments. Glendale said in a release the partnership has already deployed $55 million of the funds for the acquisition of nonoperated interests in drilling pads located in Oklahoma’s Stack play. The remaining capital will be used to acquire and develop upstream oil and gas assets across the U.S.

Glendale is a private oil and gas company based in Houston. Led by industry veterans Brent Grundberg and Vignesh Proddaturi, the company focuses on de-risked U.S. onshore resource plays through asset level acquisitions, drilling joint ventures and farm-ins.

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