Mora Energy announced the closing of two acquisitions in the Midland Basin and a significant expansion of its available capital through increased equity commitments from its financial sponsor and the closing of a new revolving credit facility.
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Mora Energy Announces Formation and Partnership With NGP and Old Ironsides Energy
Mora Energy Holdings, LLC, a recently formed energy infrastructure company, announced that it has secured more than $250 million of initial equity commitments from funds managed by NGP Energy Capital Management, LLC, Old Ironsides Energy, LLC and Mora’s management team.