Ares Management to buy BlackBush Oil & Gas

|About: Ares Management, L.P. (ARES)|By:, SA News Editor

BlackBush is an oil and gas exploration company operating across South Texas. The capital infusion from Ares Management (ARES -1.1%) will allow BlackBush to further develop its more than 160K net acre holdings.

Terms are undisclosed and the deal is expected to close in Q3.