Private companies produce some 60% of U.S. supply, making Sinema’s private equity amendment to the Inflation Reduction Act more important to fossil fuel finance than the “green bill” description might suggest.
Established in 2022 by a group of industry veterans, Vecino Energy Partners recently partnered with EnCap Flatrock Midstream and is actively pursuing the acquisition and development of midstream oil and gas assets in the Lower 48.
Manchester Energy is led by CEO Khalid Muslih and four other founding members consisting of long-tenured energy executives with a strong track record of value creation.
Pickering Energy Partners will target $300 million of capital deployment alongside “premier operators” in the Permian Basin as part of its partnership with a large, unnamed institutional investor.
Two investment banks have been hired to manage the sale of Ridgeback Resources, one of the largest private oil producers in Canada, which sources said could be sold in multiple transactions.
Private-equity fund North Hudson takes over LOGOS Resources II, a long-time operator in the San Juan Basin of New Mexico and Colorado.
In partnership with Denham Capital, Haymaker said it closed the acquisition of a “large-scale diversified mineral portfolio” holding mineral and royalty interests in thousands of wells across Texas, Louisiana, North Dakota and Montana.
The project by Black Sea Oil & Gas (BSOG), controlled by U.S. private equity firm Carlyle Group LP, is Romania’s first offshore Black Sea development in three decades.
THQ Appalachia, which focuses on the Marshall and Wetzel counties in West Virginia, is expected to fetch bids of more than $5 billion due to the worth of its existing production and potential value of its undeveloped acreage, sources said.
Percussion Petroleum II bought the bulk of its assets in the Permian Basin from Oasis Petroleum a year ago for $375 million plus contingent payments.