Merced

Small Bakken E&P Sets Joint Venture With Private Equity Firm

In a move that may be replicated more if low global crude oil prices persist, Minnesota-based and Bakken-focused Black Ridge Oil & Gas Inc. said Thursday it has agreed to form a $50 million joint venture (JV) unit with Merced Capital, a private equity firm specializing in value-based alternative investments.

July 28, 2015