Post Oak Energy Commits $35 Million to Maverick Brothers Energy
Summary
"The capital backing from Post Oak will allow us to accelerate our growth," said Bret Brickman, CEO of Maverick, "Having a financial partner with industry experience is an additional benefit." Maverick has accumulated a contiguous acreage position of more than 10,000 gross acres in Dewey County, Oklahoma and has completed four horizontal gas wells in the liquids rich Mississippian Osage formation. Post Oak works in close partnership with operating management teams to build businesses, accelerate growth and enhance shareholder value. Maverick operates primarily in Oklahoma, with a history of creating value through new prospect development as well as deploying new horizontal drilling and completion technologies. The management team has extensive experience in production operations, complex drilling, prospect identification and long-term development of oil and gas.