HM Buys TriDimension Energy

HM Capital Partners has acquired TriDimension Energy, a Dallas-based oil and gas exploration company that focuses on finding oil in existing fields and redeveloping historic fields. No financial terms were disclosed.




HM Capital Partners LLC, a leading, Dallas-based private equity firm, today announced that it has acquired TriDimension Energy (TDE), an oil and gas exploration company.  Financial terms of the transaction were not disclosed.


TDE's focus is on finding oil in existing fields and redeveloping historic fields by restoring wells to production, recompleting wells in previously tested reservoirs, and aggressively drilling new wells.  Since its founding in 2006, TDE has completed nineteen acquisitions resulting in TDE owning an interest in 86 producing wells in 36 fields, producing more than 1,400 gross barrels per day and proved reserves of 6.5 million barrels of oil equivalent.  TDE will continue to pursue accretive acquisitions of complementary assets.  Headquartered in Dallas with field operations in Louisiana and Mississippi, TDE operates the majority of its production through its affiliate, Axis Onshore, LLC, which is currently the third largest producer in the Monroe, Louisiana district. 




The acquisition of TriDimension builds on HM Capital's long and successful history in the energy sector.  Other recent HM Capital energy investments include Regency Energy Partners, TexStar Field Services and BlackBrush Oil & Gas.




James P. Ryan, Chief Executive Officer, will continue to lead TDE under HM Capital's ownership.  The TDE management team