Pennsylvania company raising $100 million to acquire oil and gas assets

Pennsylvania-based MDS Energy Partners LP is raising $100 million to acquire oil and natural gas assets, reports the Pittsburgh Business Times. “The nature of it is to acquire oil and gas assets that are either distressed or undervalued and then ultimately to sell those assets at a later date,” Jason Knapp, a principal at MDS, told the newspaper. The Business Times says this approach is a new strategy for the company, which has sponsored at least nine private and public direct-investment partnerships in oil and gas wells. For more, read the full story.

Pennsylvania