Winright Resources Holdings, LLC Partners with North Hudson to Continue Its Acquisition and Development Program in the Anadarko Basin
Winright Resources Holdings, LLC (“Winright”) announced the closing of a
$67.0 million equity commitment from certain affiliates of North Hudson
Resource Partners LP (“North Hudson”).
Winright is a Woodlands-based exploration and production company focused
on acquisition and development opportunities in the Mid-Continent region
of Texas and Oklahoma. Winright plans to utilize the commitment to
continue its strategy of optimizing its existing asset base, acquiring
producing assets and pursuing drilling and development opportunities.
Co-Founders Jason Cribbs and Clayton Mykytiw, both petroleum engineers
with decades of industry experience, are joined by an experienced team
with extensive history operating and managing oil and gas assets in
Texas and Oklahoma. Winright was founded in late 2017 to capitalize on
what they believed was a region with compelling acquisition and drilling
opportunities that had fallen out of favor with the public markets.
“We are excited to continue our relationship with the North Hudson
investment team that we’ve built over the past two years,” said Jason
Cribbs, Co-Founder and CEO. “The expanded commitment will provide us
with line of sight to execute on several high-quality opportunities as
we look to continue growing our asset base.”
“The North Hudson partnership combines tremendous financial and
transactional expertise as we continue to capture future opportunities
through strategic acquisitions and development. We are thrilled to
continue working with such a creative, energetic and tenacious team for
the years ahead,” said Clayton Mykytiw, Co-Founder and COO.
“We look forward to continuing the relationship with Jason, Clayton and
their team as they capitalize on the opportunities presented in the
Mid-Con,” said Mark Bisso, Managing Partner of North Hudson. “The
Winright team has strong technical expertise, operational capabilities
and has proven to be effective in managing and optimizing their asset
base in addition to identifying new opportunities.”
About Winright
Winright is a private company based in The Woodlands, Texas, engaged in
the acquisition, exploitation and development of oil and gas properties
in the Mid-Continent Regions of Texas and Oklahoma. Winright was
co-founded by Jason Cribbs (CEO) and Clayton Mykytiw (COO), both
Petroleum Engineers and industry veterans with significant acquisition,
evaluation, operations and development experience. For more information
on Winright, please visit www.winrightllc.com.
About North Hudson
North Hudson Resource Partners LP is a Houston-based private equity firm
focused on middle market upstream and midstream energy investments in
North America. For more information on North Hudson, please visit www.northhudsonrp.com.
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Copyright Business Wire 2018
Source: Business Wire
(October 3, 2018 - 12:18 PM EDT)
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