Reuters LONDON/NEW YORK – Warburg Pincus is considering selling five of its eight international oil and gas investments after the coronavirus crisis hit demand, sources familiar with the matter said. The U.S. investment firm, which has more than $54 billion in private equity assets under management, has committed or invested some $13 billion into energy over the last decade, with
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 of over 260,000 net acres. Artis is led by Darryl Metcalfe, who was previously president and CEO at Artek Exploration.
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 CEO Scott Germann, an Exxon-trained geologist with more than 20 years of financial and operational experience in the Permian Basin.
Firm has invested $9 billion in energy thus far Warburg Pincus, a private equity firm with $40 billion under management in 120 companies, announced this week that it has successfully raised its latest fund. The new fund, called the Warburg Pincus Private Equity XII, L.P., received third party commitments in excess of its $12 billion hard cap, the company said
