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CM - Bison II signs $155 million term loan to develop DJ assets - October 2019
Bison Oil & Gas Partners II closed a $155 million term loan facility to fund ongoing drilling and expansion in the DJ Basin. The Carnelian Energy Capital Management portfolio company turned to global alternative investment firm Värde Partners for the loan, which will also be used to repay existing debt and provide a distribution to Bison’s equity holders. Bison currently operates more than 20 wells across its nearly 50,000-net-acre position in northeast Weld County,......
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