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Additional news

By Anonymous
Publication: Oil & Gas Investor
Date: Thursday, May 1 2008

* Privately owned, Dallas-based Trail Ridge Energy Partners LLC has been formed by Ron Wade and Chuck Cederberg with a $40-million equity commitment from Kayne Andersen Energy Funds and from company management to acquire and develop assets in the Midcontinent.

Wade

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is president and chief executive. He was vice president, engineering, with privately owned Houston-based Redman Energy, and previously was with Cordillera Energy Partners and Hunt Petroleum. Chuck Cederberg is chief financial officer. He was CFO of Redman Energy.

Wade says, "We are very pleased to have Kayne Anderson as our partner, and believe that, with their financial strength, we are competitively positioned to achieve the goals we have set for Trail Ridge. We look forward to developing our first of many acquisitions and securing additional acreage and development drilling opportunities in the Midcontinent region."

Rivington Capital Advisors LLC, and affiliate Rivington securities LLC, were financial advisors and placement agents for the financing.

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