Texas firm looks for shale investments

A newly formed Texas company has its eye on investments in the natural gas industry relating to the Marcellus and Utica shale.

Pathfinder Resources LLC, created by private equity firm District 5 Investments LP (D5) in Irving, Texas, is looking for energy investments between $5 million and $35 million in Pennsylvania, West Virginia and Ohio. Pathfinder is starting with mineral and royalty interests in the Marcellus and Utica shale, according to a notice on its website.

“Pathfinder’s management…

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