Equity firm investing in Oklahoma's PostRock
PostRock Energy Corp. plans to reduce its debt and restructure credit agreements with a $60 million investment from a private equity firm.
White Deer Energy LP will purchase $60 million worth of preferred stock in PostRock under the terms of the agreement announced Thursday.
White Deer also has reserved an additional $30 million to invest in PostRock to fund future growth.
"We are delighted wit...
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