Wexford natural gas startup receives $250M in funding
Sunday, December 13, 2015
Pittsburgh Business Times reports that private equity firm Denham Capital is providing Lola Energy with $250 million in funding so that the company can scale operations.
Lola, which stands for “locally owned, locally accountable,” is a Wexford, Pennsylvania, startup founded by former EQT Corp. employees. The company is looking to develop properties in southwestern Pennsylvania, eastern Ohio and northern West Virginia, both in the Marcellus and Utica shales, according to the newspaper.
Via: Pittsburgh Business Times > A local natural gas startup gets $250M in funding
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