Calgary-based natural gas producing company Canbriam Energy (traded privately) has just announced that it has just completed a total investment of US$74 million (around Canadian$100 million) from its investors Warburg Pincus (traded privately), ARC Financial (traded privately), Ontario Teachers’ Pension Plan, BlackRock (NYSE:$BLK), and State Street (formerly GE Capital) (NYSE:$STT). The investment was split proportionally between the shareholders as well as the management of Canbriam.

Regarding how the investment will be used, Paul Myers, CEO of Canbriam and the company’s president, said, “This planned equity investment will help fund the infrastructure additions required for continued profitable growth of our Altares Montney asset.” Canbriam’s Altares Montney asset is located in the province of British Columbia in Canada. The company has already identified more than 680 net drilling locations in the four zones in North Altares they are developing.

Canbriam hopes to gain full returns from the Montney asset by owning all processing and water handling infrastructures, keeping operating costs low, and using proactive risk management.

Featured Image: Canbriam