Black Bay is a private equity firm based in New Orleans focusing on investments in the North American energy sector requiring up to $30 million of equity capital.
Carlyle CEO Kewsong Lee sticks with fossil fuel projects alongside bets on renewables.
Headquartered in Houston, Enstor Gas is the largest privately owned natural gas storage company in the U.S. including six active underground natural gas storage facilities with more than 110 Bcf in working gas capacity.
The $300 million commitment announced May 3 is the fourth EnCap Flatrock growth equity commitment to Rangeland Energy companies, bringing the total to $900 million since Rangeland’s formation.
Led by industry veteran Doug Dormer, Cardinal Midstream Partners is focused on natural gas gathering and processing and congruent carbon capture and sequestration acquisition and development opportunities across North America.
Houston-based Quantum Energy Partners also promoted Head of ESG Keila Hand to managing director and hired Tommy Ho for the newly create role of chief talent officer.
“We are excited by the opportunities we see across the energy landscape,” Tomas Ackerman, Carnelian Partner, commented in an April 12 release.
It is Warburg Pincus’ second attempt to sell RimRock Oil & Gas in just over a year, the sources told Reuters. A 2021 auction process failed to secure a buyer for the Bakken gas producer at the valuation that Warburg sought.