CPG Capital Resources Enters into Strategic Partnership with La Munyon Drilling
CPG Capital Resources, a subsidiary of CP Global Partners, has entered into a strategic partnership with LaMunyon Drilling of Enid Oklahoma to pursue the acquisition and deployment of land-based rigs in the US. LaMunyon Drilling is a premier drilling services company that has over 30 years of experience in oil and gas onshore drilling. The land-based drilling market for independent operators continues to lack any meaningful source of funding to acquire rigs or companies who provide access to rigs on a contract basis. CPG Capital Resources is one of the primary sources of funding for independent operators and with the LaMunyon partnership will be able to offer more extensive services to the independent operator market while also taking advantage of the continued depressed prices of land-based rigs. CPGCR is one of the leading core enterprise asset finance companies United States that provides strategic capital to middle-market companies.