Five Point Energy LLC
About
Five Point Energy is a leading private equity firm focused on the midstream energy sector. The firm was founded by industry veterans who have had successful careers investing in, building and running midstream companies. Five Point's strategy is to acquire and develop in-basin assets, provide value-added growth capital, and build world-class midstream companies with premier management teams and industry-leading E&P partners. The firm is focused on providing in-basin crude oil, natural gas, liquids and water management midstream solutions to E&P companies in the Permian Basin, Eagle Ford, Midcontinent and Rockies. Based in Houston, Five Point Energy manages more than $2.5 billion of capital across multiple investment funds (as of Feb. 25, 2019).
Headquarters Address
825 Town and Country Lane
Suite 700
Houston, TX 77024
United States
Website
www.fivepointenergy.comMain Phone Number
Transactions
Colgate Flips Occidental Petroleum Water Asset in Sale to WaterBridge
Colgate Flips Occidental Petroleum Water Asset in Sale to WaterBridge
Centennial Resource Development Sells Off Permian Water Assets For $225 Million
Centennial Resource Development Sells Off Permian Water Assets For $225 Million
WaterBridge Poised For Growth In Surging Water Midstream Sector
WaterBridge Poised For Growth In Surging Water Midstream Sector
PDC Energy Divests Permian Basin Midstream Assets For $310 Million
PDC Energy Divests Permian Basin Midstream Assets For $310 Million
WaterBridge Resources LLC Announces Water Infrastructure Acquisition From NGL Energy Partners
WaterBridge Resources LLC Announces Water Infrastructure Acquisition From NGL Energy Partners
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News
Diamondback Energy, Five Point Form Water-focused JV, Deep Blue
Diamondback will retain a 30% equity interest in Deep Blue and receive approximately $500 million in upfront cash proceeds, with the potential for more cash proceeds.
Devon Energy, WaterBridge Enter Delaware Basin Midstream JV
Devon and NDB Midstream entered into a long-term agreement in which Devon committed all of its produced water, an initial dedication of about 52,000 acres and 18 saltwater disposal sites.
Colgate Flips Occidental Petroleum Water Asset in Sale to WaterBridge
Colgate Energy agreed to sell the produced water infrastructure associated with its recent $508 million asset acquisition from Occidental Petroleum in the Permian Basin.
Centennial Terminates $225 Million Water Infrastructure Transaction
Houston-based WaterBridge Resources agreed in late February to acquire Centennial Resource Development’s Permian water assets in a $225 million transaction that was expected to close at the end of the first quarter.
WaterBridge Names Co-CEOs as Founder Stephen Johnson Steps into New Role
In a statement, Stephen Johnson said he and the WaterBridge board are confident that now is the right time to transition the water midstream company’s leadership to the “next generation of talent.”
Centennial Resource Development Sells Off Permian Water Assets For $225 Million
Upon closing of the acquisition, WaterBridge will handle all of Centennial Resource Development's produced water in the southern Delaware Basin.
EVX Midstream Partners Constructs Largest Water Gathering System In Eagle Ford Basin
Houston-based EVX Midstream Partners is positioned to be the largest gatherer of produced water in the Eagle Ford basin, CEO Herb Chambers IV says.
Private-Equity Partners Take Larger Role In Midstream Buildout
With Wall Street’s lingering hesitancy about the energy sector, private equity has taken on a larger role in financing the necessary midstream buildout.
WaterBridge Poised For Growth In Surging Water Midstream Sector
WaterBridge’s private-equity backer sold a stake that implied a $2.8 billion enterprise value for the water midstream company that has a growing position in the Permian Basin.
WaterBridge Takes Form In Permian Basin’s Wild West
WaterBridge was among the first companies to carve out a niche in the ‘wild west’ water midstream business of the Permian Basin.
Matador Resources Bolsters Delaware Basin Midstream With New JV
Analysts believe the expanded midstream joint venture could help Matador Resources minimize outspend as the company looks into selling assets outside its core position in the Permian Basin.