Newly formed Sequel Energy Group LLC received more than $500 million of initial capital through funds managed by GSO Capital Partners LP and Sequel Energy’s founding members, according to a Nov. 2 press release from Blackstone.
Sequel Energy will target structured or credit investments in nonoperated oil and gas working interests in proven resource plays throughout North America.
Comprised of industry veterans Doug York, Jeff Hemphill and Dave Kornder, Sequel Energy’s management team has more than 75 years of combined experience exploring, developing and operating oil and natural gas fields across several major U.S. producing basins. York is one of three founding members.
GSO Capital Partners LP is the global credit investment platform of Blackstone.
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