Darren
Barbee
Oil and Gas Investor
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.
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.
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.
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.
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.
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.
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.
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.
Spicewood Mineral Partners Closes Initial $250 Million Fund Above Target
Spicewood announced the final closing of Spicewood Mineral Partners LP with total capital commitments exceeding its target of $200 million.
Double Eagle Launches New Venture with Over $1.7 Billion from EnCap, Others
Double Eagle Energy’s latest venture will pursue a similar strategy in the Permian Basin that led to the success of the predecessor companies, but on a “considerably larger scale,” according to the release.