Private Equity

E&P Forms $500 Million JV With PE Firm

E&P Forms $500 Million JV With PE Firm

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

Source: Encana

New WildFire Energy Gets More Than $1B in Private Equity Backing 

 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

Northern Delaware Basin Operations 

From Concho.com

Kimmeridge Energy Joins Forces with Desert Royalty

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

Saltstone Capital Management Presses for Change at Abraxas Petroleum

Saltstone Capital Management Presses for Change at Abraxas Petroleum

Saltstone Capital Management Presses for Immediate Change at Abraxas Petroleum Corporation

Source: Mach Resources

Private Equity Firm Forms Second Partnership With E&P

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,

Source: Intervale Capital

New Principal at Intervale Capital

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

NGL Energy Partners Closes with Mesquite, Announces Multiple Investments

NGL Energy Partners Closes with Mesquite, Announces Multiple Investments

NGL Energy Partners LP Closes Combination with Mesquite and Announces Investment from EIG and FS Energy and Power Fund

E&P Merger in the STACK

E&P Merger in the STACK

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

rig

New $165 Million Joint Venture in the Permian Basin

Development Capital Resources Announces $165 Million Development Joint Venture in the Permian Basin

June 19, 2019 - 6:45 am Closing Bell Story‎, Press Releases, Private Equity
Source: Lime Rock Resources

PE Firm Acquires Assets from BP

By Tyler Losier, Energy Reporter, Oil & Gas 360

Lime Rock Resources acquires land from BP
Lime Rock Resources, a private equity firm and operator under the umbrella of Lime Rock Partners, announced today that it has signed a definitive

Source: Glendale Energy Ventures

New Partnership to Acquire Upstream Assets

By Tyler Losier, Energy Reporter, Oil & Gas 360

Initial capital commitments of $500 million
TPG Sixth Street Partners, a global finance and investment business founded in 2009, announced a new partnership today with the Houston-based private oil and gas

Source: Cureton Midstream

Cureton Midstream Forms Commercial Agreement with Six DJ Basin Producers

By Tyler Losier, Energy Reporter, Oil & Gas 360

 
Increased Gas Processing Capabilities in Weld County
Cureton Midstream, LLC, a Denver-based company founded in 2016, signed a commercial agreement this Tuesday with six unnamed E&P’s in the DJ Basin.

Williston Basin - IPAA

KKR and Western Natural Resources Team Up in the Williston

By Tyler Losier
Partnership seeks to acquire assets
Investment firm KKR (stock ticker: KKR) is partnering with Western Natural Resources, with the intention of acquiring and producing undeveloped assets in the Williston Basin. This move is closely aligned with KKR’s

Baker Botts Sees Increasing Risk for Private Equity Energy Firms - Oil & Gas 360

Baker Botts Sees Increasing Risk for Private Equity Energy Firms

Law firm Baker Botts’ energy litigation team sent out an update on trends the lawyers are seeing relating to litigation and oil and gas development. Meghan Dawson McElvy is the firm’s point person in this practice area.

The firm said …

Private Equity Firm and Houston Non-Op Join Forces on Deepwater GOM Exploration Program

Private Equity Firm and Houston Non-Op Join Forces on Deepwater GOM Exploration Program

Another private equity - E&P exploration program
Private non-op Houston Energy, L.P. announced that it has entered into a strategic agreement with a private equity firm for deepwater Gulf of Mexico non-operated exploration projects.

Houston Energy Co-Founder and Co-O Ron

KKR, WildHorse Resource’s Graham Dive into “Multi-Billion Dollar Investment Partnership” with Spur Energy Partners

KKR, WildHorse Resource’s Graham Dive into “Multi-Billion Dollar Investment Partnership” with Spur Energy Partners

Spur, KKR start with Permian Northwest Shelf acquisition
Looks like a new muscle car is pulling into the Permian Basin. And it's powered by a full tank of high octane gas.

Spur Energy Partners LLC, led by co-founder and former

Oil and Gas Funding is Evolving: An Oil & Gas 360® Special Report

Oil and Gas Funding is Evolving: An Oil & Gas 360® Special Report

For now, Wall Street has turned off the shale funding spigot 

By Bevo Beaven, Editor, Oil & Gas 360, with Richard Rostad, Analyst

Oil and gas funding is evolving. Initial public offerings, secondaries and follow-on equity raises are no longer …

American Midstream and ArcLight Energy Partners Affiliate announce Merger

American Midstream and ArcLight Energy Partners Affiliate announce Merger

American Midstream Announces Agreement for the Purchase of its Outstanding Common Units by an Affiliate of ArcLight Energy Partners...

Goodnight-Midstream-TPG-Capital-Acquires-Goodnight-Midstream-from-Tailwater-Capital-and-Private-Investors-Oil-Gas-360

$930-Million Water Acquisition: TPG Capital Acquires Goodnight Midstream from Tailwater Capital, Private Investors

Transaction provides Goodnight Midstream access to $300 million incremental capital to accelerate growth

TPG Capital, the private equity platform of global alternative asset firm TPG, has signed a definitive agreement to acquire a majority stake in Goodnight Midstream, a leading …

EnerCom Dallas investment conference

Registration is Open for EnerCom Dallas

Institutional investors can meet with management teams, hear 2019 operational plans from the oil and gas industry in Dallas, Texas – Feb. 27-28, 2019

Institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the …

Exclusive Interview: Luke Essman, Canyon Creek Energy President & CEO

Exclusive Interview: Luke Essman, Canyon Creek Energy President & CEO

At the 2018 EnerCom conference in Denver, EnerCom’s Angie Austin interviewed pure-play Arkoma STACK player Canyon Creek Energy President and CEO Luke Essman about the company and its operations.

Exclusive Interview: Luke Essman, Canyon Creek Energy President & CEO - Oil & Gas 360

Canyon Creek Energy operates oil and gas assets in Oklahoma and …

90 Public and Private Oil and Gas Companies at the 23rd Annual Oil & Gas Conference®   

90 Public and Private Oil and Gas Companies at the 23rd Annual Oil & Gas Conference®   

EnerCom public company presenters include 43 North American shale E&Ps, 7 international E&Ps and 10 other producers

Chief executives from companies drilling the North American shale basins, conventional plays in the Gulf of Mexico, Europe and Latin America, LNG exports, …

Tailwater Capital Brings Capital Under Management to $2.7 Billion with Third Fund

Tailwater Capital Brings Capital Under Management to $2.7 Billion with Third Fund

Tailwater Capital closes its third energy fund for $1 billion

Dallas-based private equity fund Tailwater Capital announced today that the firm closed its third energy-based fund, the Tailwater Energy Fund III LP, at its hard-cap of $900 million. An additional …

Carlyle Seeks to Launch $4 Billion Fund for Oil and Gas Asset Buyouts

Carlyle Seeks to Launch $4 Billion Fund for Oil and Gas Asset Buyouts

From Financial Times

Carlyle’s new energy and natural resources division chairman to oversee $25 billion of assets under management and 107 active portfolio companies

Fund will buy companies active in the energy supply chain and will make acquisitions of assets

July 19, 2018 - 5:05 pm Closing Bell Story‎, Energy News, Private Equity

More Pros are Going to Family Offices

From PE Hub

Family offices are becoming a preferred destination for many investment professionals, with several pros making the move these past months.

“There was a time all investment guys wanted to go to hedge funds; now they want family …

June 18, 2018 - 11:40 am Closing Bell Story‎, Energy News, People, Private Equity
EnCap-Backed PetroLegacy Snags 20,000 Midland Acres from Pioneer

Private Funds Launch New Midland Basin Oil Company

Newly formed DoublePoint Energy LLC holds one of the largest private land positions in the core of the Midland 

Double Eagle Energy Holdings III of Ft. Worth and Denver’s FourPoint Energy have formed DoublePoint Energy LLC, a new pure-play Midland …

Warburg Pincus Invests $138 Million in Canadian E&P

Warburg Pincus Invests $138 Million in Canadian E&P

Calgary-based E&P Artis Exploration Ltd. closed a CDN$180 million (USD$138 million) growth equity investment from Warburg Pincus.

Founded in 2015, Artis is focused on the Duvernay East Shale Basin of Western Canada, where the company holds a contiguous acreage position …

Private Equity: Delivering Capital Upstream

Private Equity: Delivering Capital Upstream

In the context of the total business sector, the global private equity industry raised a record $453 billion from investors in 2017, leaving it with more than $1 trillion to pour into companies and new business ventures, Reuters reported at …

Colorado Wattenberg Field: Preparing a horizontal drilling rig - Oil & Gas 360

Niche Private Equity Firm Aims to Fill a Void with its Debut Upstream Fund

An exclusive OAG360 interview with Drillcore Founder and Managing Partner Evan Turner

New York-based Drillcore Energy Partners launched its debut fund this week, a $250-million private equity fund targeting U.S. upstream. Drillcore said it seeks to allocate the capital raised …

Carrizo Is Newest Activist Investor Target

Carrizo Is Newest Activist Investor Target

Kimmeridge pushes the firm to focus on Permian

Activist investors continue to shake up E&P companies, with one group now taking aim at Carrizo Oil & Gas (ticker: CRZO).

Private equity firm Kimmeridge Energy disclosed an 8.1% stake in Carrizo …