Tulsa, OK-based oil and gas exploration and production company Bright Horizon Resources has closed on a $300 million equity commitment from Denham Capital, an energy and resources-focused global private equity firm.
Bright Horizon Resources is a newly formed E&P company that will pursue oil and natural gas opportunities in the Mid-Continent and ArkLaTex regions.
“There are abundant oil and natural gas investment projects in the US with considerable upside potential which, through today’s technologies and our team’s years of industry expertise, can be significantly enhanced,” said Bright Horizon Resources CEO Dudley Viles.
A key player with private E&P company Samson Resources, Viles has nearly 30 years of industry experience. At Samson he last served as executive vice president and was responsible for many of the company’s E&P activities, including prospect generation, capital allocation, leasing and drilling programs, acquisitions, and operations in addition to being a member of its executive team.
Joining Viles on the company’s management team are other former Samson employees including: vice president of land and business development Doug Black, vice president of geology and geophysics David R. Clupper, vice president of operations and engineering Carl Burgman and CFO Craig Loseke.