The Latest

Pearl Again Backs Williston E&P Eagle Mountain Energy Partners

Private equity firm Pearl Energy Partners will back Eagle Mountain Energy Partners II, which last year exited its Williston Basin assets in a nearly $300 million deal with TXO Partners.

Kimmeridge Texas Gas Prices $500MM in Senior Notes Offering

Kimmeridge Texas Gas said the senior unsecured notes will be used to repay a portion of outstanding revolver borrowings and support the buildout of the company.

Lion Equity Partners Buys Global Compression from Warren Equipment

Private equity firm Lion Equity Partners has acquired Warren Equipment Co.’s Global Compression Services business.

PRB’s Sage Butte Ready for M&A Across Lower 48, Maybe Canada Too

Private E&P Sage Butte Energy, which operates in the Powder River Basin, is less interested in the Permian Basin, citing the cost of entry.

PE Firm Northleaf to Divest Interests in Spanish Solar Farm

Private equity firm Northleaf Capital Partners acquired a controlling interest in the NCP Solar Mula farm in 2018.

Are Shale Producers Getting Credit for Reining in Spending Frenzy?

An unusual reduction in producer hedging found in a Haynes and Boone survey suggests banks are newly open to negotiating credit terms, a signal of market rewards for E&P thrift.

Exclusive: Why Family Offices Favor ‘Lower-Risk’ Oil, Gas Investments

Evan Smith, Stephens’ senior vice president for investment banking, describes growth in the company’s network of family offices, specifically those investing in the energy sector, in this Hart Energy Exclusive interview.

Energy Sector Sees Dramatic Increase in Private Equity Funding

In a 10-day period, private equity firms announced almost $20 billion in energy funding. Is an end in sight for the fossil fuel capital drought? 

KKR, Solar Developer Birch Creek Close $150MM Credit Facility

KKR will provide a $150 million credit facility with Birch Creek Energy, which owns 160 megawatts of power projects, with more expected in place by year-end 2024.

Quantum Raises $10B for Oil, Gas, Midstream, Energy Transition

Quantum Capital Group raised $5.25 billion for its private equity flagship, Quantum Energy Partners VIII. A source told Hart Energy that most of the firm’s capital has gone into oil and gas because it offers the best risk-adjusted returns.