Capital: Texas American gets $250m from First Reserve

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First Reserve Announces Investment in Texas American Resources Company, LLC

GREENWICH, Conn., HOUSTON, LONDON and AUSTIN, Texas, Dec. 19, 2016 /PRNewswire/ — Texas American Resources Company, LLC (“Texas American” or the “Company”) announced today that First Reserve, a leading global private equity and infrastructure investment firm exclusively focused on energy, and members of management have made an investment in the Company.  First Reserve has committed up to $250 million in private equity capital to Texas American to support the Company’s pursuit of oil development opportunities in the Eagle Ford Shale in South Texas.

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