Post Tagged with: "funding"
Double Eagle III’s Wingspan Covers $1 Billion
Double Eagle Energy Holdings III announced that inclusive of a recent capital raise, the company has secured equity commitments of more than $1 billion. The equity commitments are anchored through funds managed by affiliates of Apollo Global Management, LLC (ticker: …
Warburg Pincus Earmarks $300 Million for New Permian E&P
Ridge Runner Resources, LLC is a new E&P focused on the Delaware Basin
The new company has received a line of equity financing of up to $300 million from funds affiliated with Warburg Pincus. The company will be led by …
New York City Plans to Sell $5 Billion of Fossil Fuel Pension Holdings, Sues Oil Majors
Mayor Bill de Blasio, Comptroller Scott M. Stringer and other trustees of the city’s $189 billion pension funds announced today a plan to divest city funds from fossil fuel reserve owners within five years, which would make New York City …
Saudi Arabia 2018 Budget Shifts Away From Oil Revenues
Saudi Arabia plans to spend $261 billion in 2018. The budget will set a record for Saudi Arabia, as it looks to reform the country’s economy and reduce reliance on oil revenues. Forbes reported that Saudi Arabia plans to cut …
Tailwater Capital’s $218 Million E&P Opportunity Fund II Targets Non-Op E&Ps
Tailwater Capital LLC announced the closing of its fourth energy focused private equity fund, Tailwater E&P Opportunity Fund II LP (“Fund II”) with total commitments of $218 million. The fund will focus on investment opportunities in E&P companies participating in …