Houston-based Torrent is led by chief executive Greg Wachel and senior vice president Henri deLaunay, both of whom held executive positions with privately held giant Hilcorp.
Initially, the pair plan to focus on the US Gulf coast, East Texas and Ark-La-Tex basins, the company said when announcing the investment.
“With the partnership of NGP, we are positioned to execute on an exciting business strategy — identifying and acquiring a select group of assets that are undercapitalised and full of potential,” Wachel said.
