Andros Capital, a private investment firm, and Midland-Petro DC Partners, a private oil and gas company, formed a $150m joint venture engaged in the development drilling program targeting the highly productive Spraberry and Wolfcamp formations. “MPDC has assembled a world-class position in the core of the Midland Basin, and we’re excited to be a part of its development. This transaction underscores Andros’ commitment to investing in high-quality assets in partnership with talented operators. It also highlights our ability to construct a creative capital solution to enable our partner to advance their strategic objectives," Phillip A. Gayle, Andros Managing Partner.