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
2021-06-16 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 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…

The purchase of Permian Basin acreage from Occidental Petroleum is Colgate Energy’s second acquisition in the region this month so far…

Colgate Energy retained RedOaks Energy Advisors for the sale of certain overriding royalty interests in the Delaware Basin in an…

Transactions

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

Report Date Amount (MM) Description
2019-08-28

Marketed: Colgate Energy Delaware Basin ORRIs

Marketed: Colgate Energy Delaware Basin ORRIs