Rushmore Resource Partners acquires Southern Midland Basin Assets
Rushmore Resource Partners (“Rushmore”) today announced an equity commitment from investment funds managed by Denham Capital (“Denham”) concurrent with its acquisition of an operated, producing asset base in the Southern Midland Basin.
Headquartered in Houston, Texas, Rushmore is a private upstream oil and gas company pursuing an acquisitions and development strategy in Texas and the surrounding states. Rushmore is led by Michael Pipkin and Bradley Bracewell, a team with extensive experience in upstream oil and gas.
About Rushmore Resource Partners
Rushmore is a Houston-based independent exploration and production company with assets in the Midland Basin. For more information, please visit www.rushmorerp.com.
About Denham Capital
Denham Capital is a leading energy and resources-focused global private equity firm with over $12 billion of invested and committed capital across multiple fund vehicles and offices in Houston, London, Boston and Perth. The firm makes direct investments in the energy and resources sectors, including businesses involving oil and gas, sustainable infrastructure, and mining, across the globe. Denham’s investment professionals apply deep operational and industry experience and work in partnership with management teams to achieve long-term investment objectives. For more information about Denham Capital, visit www.denhamcapital.com.