Private Equity

Private Equity , Shale Plays , Acquisitions & Divestitures

NGP’s Elk Range Royalties Acquires Core Permian Basin Position

Elk Range Royalties recently said it acquired certain Permian Basin royalty interests from an undisclosed seller evenly split between the Delaware and Midland basins.

October 18, 2021

Private Equity , Investment

Rethinking Valuation Techniques for Energy Investments

Find out why traditional valuation methodologies may not be appropriate for new technologies and/or early-stage private equity energy investments.

October 15, 2021

Private Equity , Shale Plays , Acquisitions & Divestitures

Warburg’s Citizen Energy Expands in Oklahoma with $153 Million Bolt-on

Warburg Pincus-backed Citizen Energy agreed to acquire from an undisclosed seller 28,000 net acres described as a “gas-rich, bolt-on acquisition” to the company’s existing Anadarko Basin footprint.

October 14, 2021

Private Equity , Midstream

GIP Makes Up to $245 Million Investment in Houston-based Easton Energy

Proceeds from the GIP investment will be used to fund the organic growth of Easton Energy’s asset base and other strategic growth opportunities, with a tailored delayed draw structure to support both existing and future growth projects.

October 4, 2021

Private Equity , Shale Plays , Acquisitions & Divestitures

Crescent Pass Expands into Eagle Ford Shale with Armor Energy Acquisition

Houston-based Crescent Pass Energy closed on the acquisition of producing assets in the northern area of the Eagle Ford play from Armor Energy, as well as three bolt-on acquisitions in the Cotton Valley trend in East Texas.

September 29, 2021

Private Equity , Shale Plays , Acquisitions & Divestitures

Permian Basin-focused Chisholm Energy Reportedly Considering Sale

Chisholm Energy was formed in 2016 and has built a portfolio of acreage in the New Mexico portion of the Delaware Basin, according to its website.

September 28, 2021

Private Equity , Shale Plays , Acquisitions & Divestitures

Sabalo Energy Re-ups with EnCap Following $715 Million Sale to Laredo

In its most recent partnership with EnCap, the Sabalo management team built a position in the Midland Basin of over 21,000 net acres, which it sold to Laredo Petroleum for $715 million in July.

September 23, 2021

Private Equity , Shale Plays , Water Management , Acquisitions & Divestitures , Midstream

Lagoon Water Midstream Enters Permian Basin through Double Drop Acquisition

The acquisition of Double Drop Resources significantly expands Lagoon Water Midstream’s operations and establishes it as a multibasin water management company.

September 21, 2021

Public Capital , Private Equity , Investment , Shale Plays

As Oil-Well Backlog Shrinks, US Shale May Upset Investors and Drill More

U.S. energy producers have cut so deeply into a once-large reserve of oil wells waiting to be turned on they soon may have to resume drilling to keep production from sagging.

September 14, 2021

Private Equity , Acquisitions & Divestitures , Midstream

Enbridge Acquires EnCap Flatrock-backed Moda Midstream in $3 Billion Cash Deal

The acquisition of Moda Midstream, which includes 100% operating interest in the Ingleside Energy Center—North America’s largest crude export terminal—significantly advance Enbridge’s U.S. Gulf Coast export strategy.

September 7, 2021