Capital: Sierra Resources raises $29m for Eagle Ford

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[Context: Sierra Resources, backed by Denham Capital and GSO Capital, raised $29m through two investment entities, Sierra EF, LP and Sierra EF Partners, LP, according to SEC filings (below). The company operates in South Texas and the Utica shale, according to Sierra’s website. Interestingly, its efforts in the Utica are backed by Denham Capital, holding 36,000 acres through Sierra Buckeye. Meanwhile, its South Texas efforts are backed by GSO Capital, where it holds 34,000 acres. Presumably, Sierra EF applies to its Eagle Ford operations.]

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