Private Equity

Private Equity , People , Renewables , Technology

Quantum Energy Partners Hires Sebastian Gass to Lead Firm’s Digital Transformation

Sebastian T. Gass previously worked at Chevron for 13 years where he led the oil major’s digital transformation as its general manager for technology and strategy.

September 11, 2020

Public Capital , Private Equity , Emissions , Technology , Acquisitions & Divestitures

Baker Hughes Continues to Shed Oilfield Assets with SPC Flow Unit Sale

The sale follows comments CEO Lorenzo Simonelli made recently about downsizing Baker Hughes’ oilfield services and equipment portfolio in preparation for the energy industry’s transition to a low-carbon future.

September 10, 2020

Restructurings , Private Equity , Shale Plays

Houston-based Bruin E&P Emerges from Bankruptcy with $230 Million Revolver

Bruin E&P Partners also emerged from Chapter 11 bankruptcy with a newly constituted board of directors comprised of  Kevin Asarnow, Mark Bisso, Richard J. Doleshek and Mike Wichterich as well as Bruin CEO Matt Steele.

September 8, 2020

Private Equity , Exploration & Production , Acquisitions & Divestitures

AVAD II Launches with Backing from Pearl Energy Investments, NGP

Dallas-based AVAD Energy Partners II said it will pursue an acquire-and-exploit strategy focused on creating value through “operational excellence with an agnostic view to commodity type or basin.”

August 31, 2020

Private Equity , Investment

Energy Private Equity Valuation in a COVID-19 World

As private equity fund managers assess the economic impact of COVID-19, developing reliable valuation processes and procedures for their oil and gas investments will ensure transparency to regulators and investors. 

August 27, 2020

Public Capital , Private Equity , Investment , Shale Plays , Trends

Oil and Gas Financing: Back to the Bootstraps

Investors can be lured back to oil and gas, but free cash flow has to be returned to shareholders and not sunk back into the ground, say panelists during Summer NAPE.

August 25, 2020

Private Equity , Shale Plays , Acquisitions & Divestitures

Posse Resources Buys Haynesville Portfolio of Live Oak’s Inaugural Fund

The transaction included roughly 4,800 net royalty acres (normalized to 1/8 royalty) located in North Louisiana, with production across the Haynesville Shale, Bossier Shale and Cotton Valley formations.

August 24, 2020

Public Capital , Private Equity , Investment , Shale Plays

Opinion: US Will Find It Hard to Break Its Frack Habit

Unlike shareholders, management teams of U.S. shale oil companies have made money.

August 18, 2020

Private Equity , Exploration & Production , Shale Plays , Acquisitions & Divestitures

Presidio Petroleum Acquires Anadarko Position from Bankrupt Templar Energy

The acquisition of Templar Energy’s assets through a bankruptcy auction represents an expansion from the western Anadarko Basin, where Presidio Petroleum already has an established position, into Oklahoma’s STACK play.

August 6, 2020

Private Equity , Shale Plays , Water Management , Acquisitions & Divestitures , Midstream

Solaris Water Midstream Boosts Permian Footprint with Concho Resources Deal

In conjunction with the deal, Solaris Water Midstream’s sponsors and management also increased their capital commitments to support the continued expansion of the company’s infrastructure systems in the Permian Basin.

July 30, 2020