Eagle Rock Will Spend 264.4 Million in Montierra, Laser Acquisition

摘要

Eagle Rock Energy Partners will spend 264.4 million in cash and stock to buy certain assets of Montierra Minerals & Production and to acquire Laser Midstream Energy. As part of the Montierra acquisition, Joseph A. Mills, Montierra’s current CEO will be named Eagle Rock’s chairman and CEO, effective at closing later this month. Alex Bucher, who currently serves as Eagle Rock’s president and CEO, will swap his title of CEO for that of chief operating officer and will focus on Eagle Rock’s midstream segment. Billy Quinn, managing partner of Natural Gas Partners, which controls Eagle Rock Energy, will give up his role as chairman of the partnership.