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Former United States Exploration Executives Announce the Formation of Upstream Entity and $228 million Private Equity Commitment

October 10, 2006 /

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Bear Paw Development Corporation is a private non-profit organization created for the purpose of administering programs to help improve regional economic conditions in Hill, Blaine, Liberty, Chouteau and Phillips Counties and the Fort Belknap and Rocky Boy's Indian Reservations.

Certain members of the former executive management team of United States Exploration, Inc. announced the recent formation of a new upstream energy company, Augustus Energy Partners, LLC ("AEP" or "Company").

United States Exploration, Inc. was sold in March 2006 to Noble Energy, Inc. for total consideration of $411 million.

Full Story: http://markets.chron.com/chron?ID=3656779&Page=NewsRead

(Many thanks to Tom McMakin for bringing this to our attention. Russ)

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