Citing the recovery of hydrocarbon demand, Andros Capital will target middle-market private equity, credit transactions between $100 million to $500 million with energy Fund II.
Kayne Anderson is bucking the trend of private equity firms fleeing the energy sector because of its financial volatility and environmental concerns.
The deal includes Clearfield, Elk and McKean counties, Pennsylvania, assets with current net production averaging about 17 MMcf/d.
Double Eagle has garnered almost $2 billion in equity commitments for its Double Eagle IV partnership which could bring upwards to 25,000 net acres under its ownership in the Permian Basin by year-end, CFO Joshua A. Gregg told attendees at Hart Energy’s annual Executive Oil Conference.
Dan Pickering, founder and chief investment officer, spoke to Hart Energy about the $450 million worth of capital Pickering Energy Partners has to deploy in the opportunity-rich Permian Basin.
An early investor in Jupiter Power, EnCap is selling its stake in the Austin, Texas-based company to BlackRock Alternatives alongside co-investment partners Yorktown Partners and Mercuria Energy.
LRM V’s initial acquisition in the STACK Play was also announced in conjunction with new equity commitments from Kayne Energy Private Equity.
PRI Operating, also known as Patriot Resources, owns around 35,000 net acres in the southern Delaware Basin, which forms part of the wider Permian Basin which stretches across Texas and New Mexico.
The investment in Dallas-based solar developer Aspen Power “will be entirely vertically integrated in the distributed generation space, which includes community, commercial and industrial, and sub-utility solar,” Carlyle’s Pooja Goyal said in an interview.