Presidio Petroleum LLC landed a $58-million acquisition following a major equity investment from Morgan Stanley Energy Partners (MSEP), the Fort Worth, Texas-based E&P said June 1. As part of the agreement, Presidio formed a strategic partnership with MSEP, which makes equity and equity-related investments in middle-market companies mainly in North America. MSEP's investment in Presidio will help facilitate the company's acquisition of assets in the western Anadarko Basin from Midstates Petroleum Co. Inc. as well as its future growth.
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