Edition:
India

Carlyle Group And Diamondback Energy Form Joint Venture


Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - Carlyle Group LP ::THE CARLYLE GROUP’S ENERGY MEZZANINE TEAM AND DIAMONDBACK ENERGY FORM JOINT VENTURE.CARLYLE GROUP LP - AFTER CERTAIN PERFORMANCE HURDLES ARE ACHIEVED IN THE PROGRAM, CARLYLE’S WORKING INTERESTS WILL LARGELY REVERT TO DIAMONDBACK.CARLYLE GROUP LP - AS PART OF JV, CARLYLE ENERGY MEZZANINE OPPORTUNITIES FUND II L.P. TO FUND UP TO 85% FOR DEVELOPMENT PROGRAM OVER FIVE YEARS.CARLYLE GROUP - AGREEMENT TO FUND DEVELOPMENT OF DIAMONDBACK’S OIL AND GAS ASSETS IN TEXAS.CARLYLE - CARLYLE FUND AND DIAMONDBACK WILL PROVIDE $620 MILLION TO DEVELOP OIL & GAS ASSETS IN TEXAS.