Investment funds managed by Morgan Stanley Energy Partners made a majority equity investment in oil and gas efficiency company Presidio Investment Holdings LLC to boost its exploration and production business and facilitate the acquisition of Midstates Petroleum Co. Inc.'s oil and natural gas assets in the Anadarko Basin.
The assets included in the deal are located in Texas and Oklahoma, according to a June 1 news release.
"We are enthusiastic to be partnering with Morgan Stanley Energy Partners in support of our vision of building an industry-leading operator of overlooked, developed oil and gas assets," said Presidio co-founder and co-CEO Chris Hammack.
Morgan Stanley Energy Partners, the energy-focused private equity business of Morgan Stanley Investment Management Inc.
