Luxe Gets Private Equity Funding Boost

摘要

Luxe Energy and Luxe Minerals have lined up additional funding from their existing private equity backers, bringing its total funding commitment to $820 million. The latest iteration of Austin, Texas-based Luxe was formed in October 2016, when founders Lance Langford and Jeff Larson partnered with private equity firm Natural Gas Partners (NGP) to bring in $524 million to spend in US unconventional basins on drilling leases and mineral rights.