Torch News - May 1, 2006
Torch Energy Advisors, Inc. has formed Resaca Exploitation, LP (Resaca) to acquire, develop and explore high quality, long lived oil and gas assets in the mid-continent of the United States. Resaca has made its initial acquisition: the oil and gas property interests of SDG Resources, L.P. Torch will act as the managing partner of Resaca and Torch Energy Services, Inc., a wholly-owned subsidiary of Torch, will manage and operate the properties. NGP Capital Partners provided financing for Resaca’s acquisition of the SDG interests.
Resaca is seeking additional oil and gas assets. For more information on Resaca and Torch, please see www.resacaexploration.com.