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GE Energy Financial Services and Casillas Petroleum partner to acquire oil & gas reserves in Kansas

6/08/2014 by

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GE Energy Financial Services has partnered with Casillas Petroleum Corp. to purchase oil and gas reserves in southwest Kansas from Cimarex Energy Co. The purchase marks the first collaboration between GE and Casillas Petroleum. Financial details were not disclosed.

“Our partnership with Casillas Petroleum is another example of helping customers and GE grow through profitable investments in long-lived assets.”

The assets include more than 500 producing wells spread across 14 counties in Kansas. Tulsa-based Casillas Petroleum will operate the properties and serve as the general partner of the partnership. GE Energy Financial Services will be the sole limited partner and will provide both acquisition and development capital to help grow the partnership’s reserves.

Greg Casillas, president of Casillas Petroleum, said, “Our investment with GE allows us to grow our business through a high-upside oil and gas field acquisition, while maintaining the financial flexibility to continue to drill new wells.”

Ray Edgar, managing director and leader of the Oil and Gas team at GE Energy Financial Services, added, “Our partnership with Casillas Petroleum is another example of helping customers and GE grow through profitable investments in long-lived assets.”

This article has been extracted from http://www.youroilandgasnews.com, please click on this link to read the article in full 
http://www.youroilandgasnews.com/ge+energy+financial+services+and+casillas+petroleum+partner+to+acquire+oil+%26+gas
+reserves+in+kansas_104110.html

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Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

Montash is a multi-award winning, global IT recruitment business. Specialising in permanent and contract positions across mid-senior appointments across a wide range of industry sectors and IT functions, including:

ERP, BI & Data, Information Security, IT Architecture & Strategy, Energy & Technologies, Demand IT and Business Engagement, Digital and E-commerce, Leadership Talent, Infrastructure and Service Delivery, Project and Programme Delivery.

Montash is headquartered in Old Street, London, in the heart of the technology hub. Montash has completed assignments in over 30 countries and has appointed technical professionals from board level to senior and mid management in permanent and contract roles.

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