Recoil Resources Announces Financing With Valor Upstream Credit Partners

Sep 14, 2023•over 2 years ago

HoustonOil And GasEnergy

Investors

VitolRiverstone Credit PartnersValor Upstream Credit Partners

Description

Recoil Resources ("Recoil"), a privately held oil and gas company focused in the oil window of the Eagle Ford shale, today announced that it has closed a senior secured term loan with Valor Upstream Credit Partners, L.P. ("VCP"). VCP is a dedicated upstream credit fund formed by Riverstone Credit Partners and Vitol.

Company Information

Company

Recoil Resources

Location

Houston, Texas, United States

About

Recoil Resources is a private exploration and production company focused on acquiring and developing assets in the oil window of the Eagle Ford Shale play in South Texas. Recoil was founded in 2018 with an initial acquisition in Wilson County. Since inception, Recoil has drilled and completed 44 Eagle Ford wells and expanded its predominantly HBP'd acreage position to 55,000 acres. This contiguous position is 100% operated by Recoil with ~100% working interest and has a substantial remaining inventory of undrilled locations.

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