| On September 21, 2005 Eschelon completed its investment in the Series A Preferred Stock of Chroma Exploration and Production, Inc., a Gulf Coast focused oil and gas exploration and production company. Joining Eschelon as a major equity investors in the company are Wellington, D. E. Shaw, Macquarie Bank, and NGP Capital Resources. As the largest investor not also participating in the company’s debt facility (led by NGP), Eschelon’s Managing Partner, Tom Glanville, joined the company’s board of directors. Other board members and individual investors in the preferred equity are Joe Foster, founder and former Chairman and CEO of Newfield Exploration (NYSE: NFX), and Steve Mikel, CEO of Chroma.The linked press release is from NGP. Click here for the link. |
