Carnelian Energy completed the investment in Espada.

Carnelian Energy, an energy investment firm, completed the investment in Espada, an oil and gas company. Financial terms were not disclosed. “We are thrilled to partner with Carnelian as we grow Espada. This is a compelling time in the energy markets, and Carnelian’s flexible mandate gives us a competitive advantage in the current environment,” Kevin Goodman, Espada CEO.