By Tyler Losier, Energy Reporter, Oil & Gas 360 Lime Rock Resources purchases 350,000 net surface acres of overriding royalty interests from Range Resources Corporation Lime Rock Resources, the E&P arm of private equity firm Lime Rock Partners, has closed on the acquisition of a non-operated overriding royalty interest (ORRI) in 350,000 net surface acres of the Marcellus shale, representing
By Tyler Losier, Energy Reporter, Oil & Gas 360 Colony Capital agrees to invest up to $500 million in California Resources Corporation California Resources Corporation (stock ticker: CRC) has formed a strategic joint venture with Colony HB2 Energy, the energy investment management arm of private equity firm Colony Capital (stock ticker: CLNY), in which Colony will fund the development of
From Houston Chronicle A cofounder of WildHorse Resource Development has formed the new WildFire Energy in Houston with more than $1 billion in backing from two major private equity firms. Two of the top private equity firms, New York-based Warburg Pincus and Los Angeles-based Kayne Anderson Capital, are investing in WildFire and its founder and chief executive Anthony Bahr. Chesapeake Energy closed in February on
By Tyler Losier, Energy Reporter, Oil & Gas 360 Newly-formed Desert Peak Minerals to be largest pure-play mineral royalty company in Delaware Basin Kimmeridge Energy Management Company, a private equity firm focused on acquiring unconventional oil and gas assets, has entered into a definitive agreement with Desert Royalty Company to combine the two companies’ assets to form Desert Peak Minerals.
Saltstone Capital Management Presses for Immediate Change at Abraxas Petroleum Corporation
By Tyler Losier, Energy Reporter, Oil & Gas 360 Mach Resources and Bayou City Energy form BCE-Mach II LLC, signs two PSAs Mach Resources, an independent E&P founded in January of 2017, and upstream-focused private equity firm Bayou City Energy, have formed BCE-Mach II LLC, representing the second partnership between the two companies. Their first collaboration, BCE-Mach LLC, continues to
By Bevo Beaven, Editor, Oil & Gas 360, with Olivier Goodrich Gulf of Mexico explorer Talos Energy (stock ticker: TALO) has added three new lenders to its credit facility and bumped its borrowing base to $850 million from the previous level of $600 million. Additionally, Talos has announced multiple derivative contracts, consisting of swaps and costless collars, to hedge its
By Tyler Losier, Energy Reporter, Oil & Gas 360 Patrick Conroy promoted to principal Intervale Capital, a private equity firm dealing mainly in the energy industry and the infrastructure products and services sector, has promoted Patrick Conroy to principal, effective immediately. Conroy first joined Intervale back in 2015, and since then, he has been responsible for managing numerous aspects of
NGL Energy Partners LP Closes Combination with Mesquite and Announces Investment from EIG and FS Energy and Power Fund
Effective Rig Count falls by 49 in May By Bevo Beaven, Editor, Oil & Gas 360 Oil & Gas 360 has released the latest Effective Rig Count, a measure that evaluates the state of drilling activity in the U.S. shale plays and links the reported production from the major shale basins. Drilling productivity keeps increasing. CLICK IMAGE TO ACCESS ENERCOM’S
By Tyler Losier, Energy Reporter, Oil & Gas 360 Chisholm Oil and Gas to combine with Gastar Exploration Chisholm Oil and Gas LCC, backed by Apollo Global Management (stock ticker: APO), has entered into a definitive merger agreement with Gastar Exploration LLC, owned by private equity firm Ares Management Corporation (stock ticker: ARES). Source: Gastar The combined company will
Development Capital Resources Announces $165 Million Development Joint Venture in the Permian Basin
