Colgate Operating LLC

About

Colgate Energy is a Midland, Texas-based exploration and production company focused on acquiring and developing oil properties in the Permian Basin. Colgate was founded in 2015 by James Walter and Will Hickey and is funded with $450 million of equity commitments from management, Pearl Energy Investments and Natural Gas Partners.

Editor's note: Updated Aug. 28, 2019.

Headquarters Address

303 W Wall St #700
Midland, TX 79701
United States

New Financings

Report Date Type Amount (MM) Description
2021-11-08 Colgate Energy Partners III LLC Debt $200.00

Priced a private offering to eligible purchasers of 5.875% senior notes due 2029. The notes mature on…

Report Date Type Amount (MM) Description
2021-06-16 Colgate Energy Partners III LLC Debt $500.00

Priced at par a private placement to eligible purchases of new 5.875% senior unsecured notes due 2029,…

Report Date Type Amount (MM) Description
2021-01-28 Colgate Energy Partners III LLC Debt $300.00

Closed private placement of 2026 senior notes to eligible purchasers.

Activity Highlights

IHS Markit reported that Midland, Texas-based Colgate Operating LLC completed a Delaware Basin-Wolfcamp well in Reeves County (RRC Dist. 8), Texas. Located within the Pecos city limits, #1H Cantaloupe Mipa Unit flowed 1.451 Mbbl of 46-degree-…

In Reeves County (RRC Dist. 8), Texas, Colgate Operating LLC completed its first producing Wolfcamp well. The #1H Lazarus 67 Unit flowed 1.072 Mbbl of 46 degree-gravity crude, 3.04 MMcf of gas and 4.299 Mbbl of water per day. Production is from…

News

Colgate Energy has played the long game in acquisitions, with roughly $1 billion in announced deals in the past four years. Could an…

The offering by Colgate Energy, a privately held Permian Basin operator, would mark the first IPO of a U.S. oil and gas producer since…

The purchase of approximately 22,000 net acres in New Mexico’s Eddy and Lea counties marks the third acquisition made by privately…

Colgate Energy agreed to sell the produced water infrastructure associated with its recent $508 million asset acquisition from…

Colgate Energy priced the offering of $500 million new senior unsecured notes due 2029, increased from the originally proposed $400…

Transactions

Report Date Amount (MM) Description
2021-11-07 $190.00

Colgate Energy Continues Permian Expansion with $190 Million New Mexico Bolt-on

Colgate Energy Continues Permian Expansion with $190 Million New Mexico Bolt-on

Report Date Amount (MM) Description
2021-09-10

Colgate Flips Occidental Petroleum Water Asset in Sale to WaterBridge

Colgate Flips Occidental Petroleum Water Asset in Sale to WaterBridge

Report Date Amount (MM) Description
2021-09-10

Colgate Flips Occidental Petroleum Water Asset in Sale to WaterBridge

Colgate Flips Occidental Petroleum Water Asset in Sale to WaterBridge

Report Date Amount (MM) Description
2021-07-29 $508.00

Occidental Sells Permian Acreage to Colgate for $508 Million

Occidental Sells Permian Acreage to Colgate for $508 Million

Report Date Amount (MM) Description
2021-06-02

Colgate Acquires Luxe Energy in All-Stock Transaction

Colgate Acquires Luxe Energy in All-Stock Transaction