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.
Daniel Rice, former CEO of Rice Energy who now sits on the EQT board, addressed the elephant in the room earlier this month at Hart Energy’s Energy Capital Conference.
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