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.
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.
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.
Private Equity , Investment , Tankers , Construction
Prostar Capital Closes Refinancing for UAE Oil Terminal
New $280 million debt facility to fund significant VLCC loading expansion.
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.
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.
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.
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.
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.
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.