Colgate Energy priced the offering of $500 million new senior unsecured notes due 2029, increased from the originally proposed $400 million, at par.
Much as the current market for oil and gas assets functions today at a relatively lower level than in recent years, the trading of private equity energy investments in the $60 billion secondary market is “logjammed.”
Mesa Minerals Partners II’s predecessor, a Quantum Energy Partners portfolio company, sold its Haynesville Shale-focused royalty portfolio for $135 million late last year to Franco-Nevada.
It has been depicted as a new David-and-Goliath tale for Wall Street: a tiny hedge fund called Engine No. 1 went up against the mightiest oil company in the U.S. and won three seats on its board, with a mandate to prepare it for a future free of fossil fuel.
U.S. gas producer Southwestern Energy Co. has entered a definitive merger agreement with Haynesville producer Indigo Natural Resources LLC to acquire Indigo for about $2.7 billion, the company said on June 2.
The acquisition will create one of the largest private companies in the Permian Basin, with around 57,000 net acres, roughly 45,000 boe/d and 4 rigs running as of June 1, 2021.
Most recently, Alasdair I. Cathcart served as president of Bechtel’s global oil, gas and chemicals business headquartered in Houston.
Kayne Anderson announced the all-equity consolidation of Casillas Petroleum Resource Partners, Native Exploration Holdings and Acacia Exploration Partners to form 89 Energy III.
Will McMullen, managing partner of Bayou City Energy, also added that the partnership between BCE and Ward’s Mach Resources plans to start considering acquisitions outside of the Midcontinent region.
Today’s featured 25 Influential Women in Energy honoree is Kellie Metcalf, managing partner at EnCap Energy Transition based in Houston.