North Hudson Raises $344M for Non-Op Investments, Including Utica

The oil and gas industry is large and complex, including how companies raise money to drill new wells. One of the ways companies get financing to drill is via partners that invest but don't take an active role. It's called being a non-operated (non-op) owner or partner. A company (another driller, an investment company, bank, etc.) will give an active driller money and, in return, will receive a percentage ownership in the well and its production. North Hudson Resource Partners, a Houston-based energy investment firm, is one such company. North Hudson has, in the past, raised multiple rounds of money from investors and invested that money in different plays, including the Utica Shale.

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