Nasdaq HOUSTON – U.S. oil and gas deals rebounded in the second quarter as private equity firms shed shale portfolio investments and publicly traded oil firms grabbed smaller rivals. U.S. oil exploration and production deals last quarter soared to $24 billion – nearly three times that of the first quarter, energy analytics firm Enverus disclosed on Tuesday. There were 20 deals
Reuters NEW YORK – U.S. private equity firm Arclight Capital Partners LLC, which invests the retirement savings of Maine teachers, NFL football players and Mayo Clinic doctors, lost hundreds of millions of dollars betting on a troubled Caribbean oil refinery, according to sources and documents reviewed by Reuters. Boston-based Arclight’s Energy Partners Fund VI, which held a majority stake in
Nasdaq April 13 – U.S. private equity firm Hellman & Friedman agreed to buy a majority stake in energy data and analytics provider Enverus from Genstar Capital, the companies said. The deal values Enverus at $4.25 billion including debt, according to a person familiar with the matter. Genstar Capital will retain an undisclosed stake in Enverus, which has grown rapidly
Forbes Bankruptcies abound in America’s oilpatch. So far this year 40 oil exploration and production companies have gone under, according to analysis from lawfirm Haynes & Boone, involving $54 billion in debt. The biggest failure so far, with $11.8 billion in debt remains Chesapeake Energy CHK +1.6%. More Chapter 11s are coming, says corporate restructuring attorney Ken Coleman at Allen & Overy, and “that’s
360 Feed Wire Houston, – Blackbuck Resources LLC (“BBR”), which designs, builds and operates water infrastructure, announced it has closed on a transaction to purchase Cimarex Energy Co.’s (“Cimarex”) Whites City water infrastructure in Eddy County, New Mexico. The acquired assets include approximately 65 miles of pipeline and 100,000 barrels per day of installed and permitted disposal capacity. As part
Reuters LONDON – Global energy trader Mercuria has teamed up with two private equity firms to set up a renewable energy fund in the United States, its chief executive told the FT Global Commodities Summit. “A few months ago, we joined forces with a private equity firm to invest in the renewables space in North America. It’s a $1.5 billion
360 Feed Wire L37 Leads $4M Round with Equinor Ventures and Saudi Aramco Energy Ventures Blockchain Network Powers Smart Contracts to Ensure Transactional Certainty for Commercial Relationships HOUSTON — September 24, 2020 — Data Gumbo, the trusted industrial blockchain network, today announced the first close in its Series B funding round of $4 million led by new investor L37, a
Reuters NEW YORK/BOSTON (Reuters) – Riverstone Holdings LLC, one of the oil and gas sector’s largest private equity investors, is planning a blank-check acquisition company that will buy a business in the clean energy industry, people familiar with the matter said on Thursday. The move illustrates how some private equity firms that have placed big bets on hydrocarbons, a sector
S&P Two private equity-backed blank-check companies filed for an IPO this week, the latest in a streak raised by the asset class. Technology-focused Vector Capital’s Vector Acquisition Corp. filed for an IPO of as much as $300 million, with upstream, midstream and oilfield services-focused Carnelian Energy Capital’s Peridot Acquisition Corp. also filing for an IPO of up to $300 million. CVC Capital Partners Ltd., Leonard Green & Partners LP and Bain Capital Pvt. Equity
HOUSTON – August 18, 2020 – Andros Capital Partners LLC (“Andros”) today announced the closing of its inaugural investment fund Andros Energy Capital LP (the “Fund”) at its $250 million hard cap. The Fund will employ a sector-specific investment strategy targeting private equity investments, credit opportunities and direct asset-level investments across the energy sector. Andros is primarily focused on middle-market
Ventures Africa Oil and Gas Publishers Note: The low cost of kWh to all of the African people regardless of income or country. Some countries and major energy companies are poised to take advantage of the African people. Gaining control of a countries power grid is a step to gain control of the entire country. This is an excellent article
Transaction is the third acquisition by Presidio since 2018 and represents an expansion from…
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