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Two private equity firms and a Canadian pension plan have acquired substantially all of J-W Energy Co.'s upstream and midstream oil and gas assets, plus acreage in the Haynesville Shale and the Rockies, which will be part of a joint venture (JV) between the two firms.

In a statement Monday, the two firms -- Dallas-based Aethon Energy Management LLC and New York-based RedBird Capital Partners LLC -- said they were joining the Ontario Teachers' Pension Plan (OTPP) in acquiring J-W's upstream and midstream assets in northeast Texas and north Louisiana. They added that assets in the Haynesville and Rockies acquired in partnership by Aethon and RedBird will be consolidated with the J-W assets to form a JV called Aethon United.

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Charlie Passut  August 9, 2016