TPG Capital invests in natural gas pipeline company Copano Energy:
TPG Capital said yesterday it invested $300m in Copano Energy, the latest in a spate of private equity investments in natural gas exploration companies. The investment in Copano, a publicly traded natural gas pipeline and processing business, will be used to fund the company’s expansion into shale deposits in Texas and Oklahoma, including the Eagle Ford Shale in South Texas. The transaction highlights the keen interest in US shale gas – natural gas trapped in shale beds. Foreign buyers and private equity firms are aggressively investing in US shale gas exploration, which shows promise as a resource but is expensive to produce.