Private Equity

Private Equity , Legislation

Key Oil and Gas Funding Mechanism Spared in Landmark ‘Clean Energy’ Bill

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.

August 8, 2022

Private Equity , Midstream

San Antonio-based Vecino Energy Launches with $200 Million Commitment

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.

August 5, 2022

Private Equity , Midstream

Manchester Energy Partners with EnCap Flatrock to Build Large Scale, Diversified Platform

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.

July 15, 2022

Private Equity , Shale Plays , Acquisitions & Divestitures

Pickering Energy Partners to Deploy $300 Million in Permian Basin

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.

July 13, 2022

Private Equity , Exploration & Production , Acquisitions & Divestitures

Apollo, Blackstone Seek Buyers for Large Private Oil Producer Ridgeback Resources

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.

July 13, 2022

Private Equity , Shale Plays , Acquisitions & Divestitures

ArcLight Sells Long-time San Juan Operator LOGOS in $400 Million Deal

Private-equity fund North Hudson takes over LOGOS Resources II, a long-time operator in the San Juan Basin of New Mexico and Colorado.

July 8, 2022

Private Equity , Acquisitions & Divestitures

Haymaker Acquires Large-scale Portfolio Valued over $100 Million

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.

July 7, 2022

Private Equity , Exploration & Production , International

Black Sea Gas Platform Launched Offshore Romania Despite War Risks

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.

June 29, 2022

Private Equity , Shale Plays , Acquisitions & Divestitures

Tug Hill, Quantum Energy Explore $5 Billion Sale: Sources

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.

June 27, 2022

Private Equity , Shale Plays , Transactions

Percussion Petroleum Reportedly Seeking Sale Worth Up to $1.5 Billion

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.

June 21, 2022