“Teal Natural Resources secures $125M from Pearl Energy Investments, Natural Gas Partners”
Teal Natural Resources LLC, a newly-formed oil and natural gas exploration company, received a total commitment of $125 million from private investment firms Pearl Energy Investments through Pearl Energy Investments LP, and Natural Gas Partners (NGP) through NGP Natural Resources XI LP. Each firm made an initial commitment of $62.5 million.
Teal was advised by Winstead PC. Pearl Energy Investments and Natural Gas Partners were advised by Thompson & Knight LLP.