Eagle Mountain Energy Partners LLC landed backing from a duo of capital providers to support its pursuit of “low-risk, long-lived” assets, the newly formed E&P company said in a Jan. 29 news release.

Pearl Energy Investments and Natural Gas Partners LLC (NGP) agreed to partner with Eagle Mountain to support the Houston-based company’s strategy to pursue acquisition and development opportunities focused primarily in the Williston Basin. The company is also considering assets in other select oil-weighted basins in the Rockies, according to its website.

In particular, Eagle Mountain is targeting low-risk, long-lived producing assets with development upside.

Commenting on the partnership, CEO Eric Pregler said: “We expect the current market to present attractive opportunities for [Eagle Mountain] to create value through acquiring and developing low-risk, long-lived assets.”

Eagle Mountain was founded by Pregler as well as CFO Shaleen Patel and Vice President of Engineering Michael DeKruif, who together have a track record of acquiring, developing and monetizing upstream assets in various U.S. onshore basins.

The management team has served in senior roles at Kayne Anderson Capital Advisors LP, Pioneer Natural Resources Co., Carrizo Oil & Gas Inc. and Oasis Petroleum Inc., according to the company release.

“Our team is ideally suited to generate superior returns in today’s cash flow focused environment,” Patel said in a statement. “We believe our experience, commitment to innovation and strong financial partnerships lay the foundation to build a successful business.”