Private Equity

Private Equity , Energy Transition

EnCap Investments Backs Houston-based Renewable Gas Company

EnCap Investments and Mercuria Energy agree to fund Arbor Renewable Gas, a leader in industrial scale woody biomass to renewable gasoline and green hydrogen projects focused initially on the Texas and Louisiana Gulf Coast.

August 20, 2021

Private Equity , Acquisitions & Divestitures

Kayne Anderson Backs E&P Team Led by Former CRC CEO Todd Stevens

Kayne Anderson is partnering with Black Knight Energy, a new California-based private E&P company led by Todd Stevens, with an equity commitment in excess of $500 million. 

August 19, 2021

Private Equity , Mergers

BHP, Woodside Investors Jittery over All-stock Petroleum Merger

Shares in BHP Group and Woodside Petroleum fell on Aug. 18 as investors on both sides raised questions about the value of the Perth-based oil and gas group's proposed merger with BHP's petroleum arm.

August 18, 2021

Private Equity , Investment , Tankers , Construction

Prostar Capital Closes Refinancing for UAE Oil Terminal

New $280 million debt facility to fund significant VLCC loading expansion.

August 17, 2021

Private Equity , Shale Plays , Acquisitions & Divestitures

Buyout Firm EnCap Investments Agrees $1.5 Billion Purchase of EP Energy, Sources Say

EnCap plans to split EP, which holds production assets in South Texas and Northeastern Utah, into its separate geographies and merge them with existing portfolio companies, according to the sources.

August 11, 2021

Private Equity , Acquisitions & Divestitures

Riverstone Energy Exits Gulf of Mexico Venture in $172 Million Sale

Proceeds from Riverstone Energy’s exit of ILX III provides additional funds to accelerate the firm’s investments in decarbonization and low-carbon power generation, says Chairman Richard Hayden.

August 6, 2021

Private Equity , Acquisitions & Divestitures

Presidio Petroleum Closes ‘Innovative’ Financing to Further Acquisition Strategy

Presidio Petroleum’s plans for the net proceeds from the issuance include to accelerate its acquisition-driven growth strategy in the Midcontinent region and recapitalize its balance sheet.

August 4, 2021

Private Equity , Investment , Natural Gas , Shale Plays , Gathering & Processing , Construction

In Midland Basin, it’s Growth O’clock

Pinnacle Midstream II LLC’s Dos Picos processing plant will respond to increased gas production in the short term, but the world is expected to demand even more over the long term.

August 3, 2021

Private Equity , Shale Plays , Acquisitions & Divestitures

Kraken Unleashes New Venture with Fresh $400 Million Commitment

In their latest venture, Kraken Resources Co-founders, Bruce Larsen and Brad Suddarth, will return to the Williston Basin in pursuit of “large, oil-weighted acquisitions,” according to the company release.

July 28, 2021

Private Equity , Investment , Emissions , Energy Transition

Brookfield Asset Management Closes $7 Billion ‘Global Transition’ Fund

The fund, named Brookfield Global Transition Fund, is supported by founding investment partners, Ontario Teachers’ Pension Plan Board and Temasek, which both pledged major commitments.

July 28, 2021