NGP Capital Resources Co. - 2012-07-12

Description

NGP Capital Resources Company announced the completion of two transactions that closed in the first two weeks of July, totaling $75 million. These investments were funded with cash on hand and borrowings under the Company's revolving credit facility. The Company advanced an additional $25.0 million to ATP Oil & Gas Corporation of Houston, Texas, under its limited-term overriding royalty interest in certain offshore oil and gas producing properties operated by ATP in the Gulf of Mexico. On July 10, 2012, the Company acquired $50.0 million of redeemable Preferred Units in a private oil and gas limited partnership engaged in the acquisition, exploration and development of oil and natural gas properties in South Louisiana and the shallow waters of the Gulf of Mexico.

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Estimated Price
$75.0MM
Financing Type
Report Date