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HOUSTON /BusinessWire/ -- Common Resources, LLC ("Common") today announced the completion of the sale of the company for a total purchase price of $805 million, subject to customary purchase price adjustments. The sale was accomplished in two separate transactions. EXCO Resources, Inc. (NYSE:XCO) and BG Group plc (LSE: BG.L) bought Common's Haynesville assets for approximately $446 million. Talisman Energy, Inc. (NYSE:TLM) bought Common's Eagle Ford assets for approximately $359 million.

Common Resources was founded in August of 2007 by Roger Jarvis, Robert Snell and Elliot Pew to focus on the development of domestic non-conventional resource plays.

Roger Jarvis, Chairman, President and CEO of Common said, "We are pleased that Common was able to identify, capture and validate meaningful positions in the core of two of the most attractive shale gas plays in North America."

EnCap Investments, Pine Brook Road Partners and Soros Fund Management co-led the funding for Common.
"The Company's growth, success and ability to generate exceptional returns for its investors reflect the talent, vision and dedication of the management team led by Roger Jarvis and Elliot Pew," said Robert L. Zorich, Managing Partner at EnCap.

Howard H. Newman, President and Chief Executive Office of Pine Brook Road Partners said, "Not only am I pleased to be able to provide an exceptional return to our Limited Partners, I particularly look forward to joining again with EnCap to back Roger and his team in forming Common Resources II."

About EnCap Investments, L.P.
Since 1988, EnCap has been a leading provider of private equity to the independent sector of the U.S. oil & gas industry. The firm has established 14 oil and gas investment funds with aggregate capital commitments of over $7.0 billion and currently manages capital on behalf of over 200 prestigious U.S. and International investors. For more information, visit www.encapinvestments.com.

About Pine Brook Road Partners, LLC
Pine Brook Road Partners, LLC, is a New York-based private equity firm established in 2006 by a team of experienced private equity professionals to make business building and other equity investments, primarily in the energy and financial services sectors, where the firm's partners have more than 100 years of combined experience. Pine Brook typically backs experienced management teams in building businesses that have the potential for significant long-term capital appreciation. 

About Soros Fund Management LLC
Soros Fund Management LLC is a private fund management firm. SFM is principal investment advisor to the Quantum Group of Funds. George Soros is the Chairman of SFM.