Private Equity

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

Public Capital , Private Equity , Investment , DUG Permian , DUG Eagle Ford , Midstream Texas , Mergers , Midstream , Gathering & Processing

Experts: Midstream M&A Primed to Take Off

DUG Permian panelists acknowledge the challenges posed by ESG and climate concerns in the post-COVID finance environment, but expect cheap debt and higher valuations to push midstream deals forward.

July 27, 2021

Private Equity , Shale Plays , Acquisitions & Divestitures

Lime Rock Resources Acquires ‘Unique Opportunity’ in $500 Million Permian Deal

Lime Rock Resources reached a definitive agreement to buy oil and gas properties in the Permian Basin for $508.3 million from an undisclosed private seller. 

July 26, 2021

Private Equity , Energy Transition

KKR Commits up to $1 Billion to US Solar Firm after Acquiring Stake

Washington, D.C.-based solar energy firm Sol Systems and KKR announced a new strategic partnership in which KKR is committing up to $1 billion to acquire shovel-ready projects.

July 23, 2021

Private Equity , Shale Plays , Acquisitions & Divestitures

Grenadier Energy Lands EnCap Commitment Following Midland Basin Sale

The commitment will be used to continue Grenadier Energy’s strategy to acquire, develop and exploit assets, which The Woodlands, Texas-based E&P company says it has employed successfully through multiple iterations.

July 21, 2021

Private Equity , Acquisitions & Divestitures , Trends

Oil and Gas Investor: A&D in the Age of Realism

Some private equity players are in the late innings of transacting for assets, calling into question the future of how they will be funded.

July 16, 2021