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Santa Maria Energy Merger Could Raise $40 Million


The pending merger between Santa Maria Energy (SME) and New York–based Hyde Park Acquisition Corp. II could, according to a recent SEC filing, raise $40 million for the to-be parent company, Santa Maria Energy Corporation. Company officials said that they hope to raise a combined $150 million from the merger and private equity financing. The companies announced plans to merge two weeks after the county approved SME’s proposal for 136 cyclic steam-injection oil wells. According to the SEC, Santa Maria Energy’s assets, as of 2012, were approximately $101.1 million.

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