Titan Rock Exploration & Production LLC said March 22 it received an equity commitment from a private investment firm. The amount of the investment wasn't disclosed.
The newly-formed E&P is focused on the acquisition and development of oil and natural gas assets in North America, with a primary focus on the Haynesville Shale of East Texas/North Louisiana and the Permian Basin, according to the release.
Titan Rock is based in Dallas and is led by Robert Martinez as president and CEO. Martinez has 20 years of experience developing and optimizing oil and gas assets throughout the U.S. and previously held leadership roles at XTO Energy Inc., EXCO Resources Inc. (NYSE: XCO) and Compass Production Partners LP, according to Titan Rock's website.
The lawsuit alleges the U.S. Bureau of Land Management failed to adequately consider the adverse effects oil and gas drilling would have on the people and environment in eight Central California counties.
The U.S. Treasury Department on Jan. 18 granted permission for Chevron Corp, the last major U.S. oil company operating in Venezuela, to continue working in the country until April 22.
Crestone Peak Resources revealed on Jan. 16 an innovative partnership for a large-scale test of real-time continuous air quality monitoring at its oil and natural gas production sites in Colorado.