Financing

Fortuna Resources III Expands Partnership with North Hudson

By Shivangi Jain
September 17, 2020
a minute read
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Houston-based independent oil company Fortuna Resources III LLC has secured additional equity commitments from private equity firm North Hudson Resource Partners LP and its affiliates. The funding will support Fortuna Resources III’s ongoing acquisition initiatives and drilling program in the Delaware basin.

Formed in October 2019, Fortuna Resources III was originally backed by investments from North Hudson Resource Partners, and managed by Fortuna Resources MGMT LLC. The company is focused on the acquisition and participation in non-operated working interest development in the northern Delaware basin. The management team is led by Aaron Davis (CEO), who previously worked with Occidental Petroleum Corp., where he oversaw multiple Permian basin drilling and development programs.

“We are pleased to be expanding our on-going partnership with North Hudson with our Fortuna platform. The principals of North Hudson have been valuable partners since 2016 and bring the financial insight, resources, and investment experience to help us maximize the value of our growing asset base”, said Aaron Davis.

Houston-based private equity firm North Hudson Resource Partners is focused on middle market upstream and midstream energy investments in North America, with a current portfolio of investments that includes companies operating in the Delaware basin, Central basin platform, Anadarko basin and DJ basin in the United States.

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