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Brigham execs start Luxe Energy with eye for Permian buys
Two alumni of Burlington Resources and Brigham Exploration have left Statoil (which acquired Brigham for $4.7 billion in 2011) to start their own company focused initially on unconventional resources in West Texas. Based in Austin, Luxe Energy is being funded by $500 million in commitments from Natural Gas Partners (via its NGP Natural Resources XI fund) and management and is now on the hunt for Permian acquisitions. Luxe is founded by CEO Lance Langford......
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