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Percussion Petroleum LLC

About

Percussion Petroleum LLC is an oil and gas company based in Houston. In partnership with a leading investment firm, Carnelian Energy Capital, Percussion Percussion II focuses on acquisition and development opportunities in select onshore basins in North America. The company’s predecessor, Percussion I, divested its Northwest Shelf asset of 380 gross wellbores and 22,000 net Yeso acres in Eddy and Lea counties, N.M., in June 2019 to Spur Energy Partners LLC.

Editor's note: Updated March 30, 2020.

Headquarters Address

919 Milam Street Suite 2475
Houston, TX 77002
United States

Main Phone Number

Transactions

Report Date Amount (MM) Description
2021-06-29 $481.00

Oasis Petroleum Exits Permian Basin in Sale Worth over $480 Million

Oasis Petroleum Exits Permian Basin in Sale Worth over $480 Million

Report Date Amount (MM) Description
2019-05-14 --

Former WildHorse CEO Jay Graham Returns With Permian Basin Acquisition

Former WildHorse CEO Jay Graham Returns With Permian Basin Acquisition

Report Date Amount (MM) Description
2019-05-14 --

Former WildHorse CEO Jay Graham Returns With Permian Basin Acquisition

Former WildHorse CEO Jay Graham Returns With Permian Basin Acquisition

2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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2100-10-01 $000.00

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New Financings

Report Date Type Amount (MM) Description
2020-03-24 Percussion Petroleum II LLC Equity --

Closed equity commitment from Carnelian Energy Capital LP. Proceeds will be used to pursue an acquisition…

2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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2100-05-23 Transaction $888.88

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Locked Data

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Instantly unlock over 15 years of A&D transactions and financing data.

News

Earthstone Shops Eagle Ford Assets as E&P Eyes South Texas Exit

Earthstone Energy is marketing PDP and undeveloped locations in the Eagle Ford as the E&P streamlines its focus on the Permian Basin.

Callon Wraps Up Delaware Bolt-on, Eagle Ford Exit

Callon Petroleum is shoring up its Permian position with its simultaneous acquisition of Delaware Basin assets from Percussion Petroleum and divesture of its Eagle Ford assets from Ridgemar Energy.

Percussion Petroleum Reportedly Seeking Sale Worth Up to $1.5 Billion

Percussion Petroleum II bought the bulk of its assets in the Permian Basin from Oasis Petroleum a year ago for $375 million plus contingent payments.

Oasis Petroleum Completes Permian Basin Exit in Sale to Percussion II

Percussion Petroleum acquired Oasis Petroleum’s remaining upstream assets in the Texas region of the Permian Basin for cash consideration of up to $375 million, a company filing says.

Percussion Petroleum Re-ups with Carnelian Following Successful 2019 Sale

Percussion Petroleum II will pursue the same acquisition and development strategy as its predecessor, which sold its position in the Permian Basin’s Northwest Shelf to Spur Energy Partners in mid-2019.

E&P Momentum: Consolidating The Yeso

Long overshadowed by the Delaware Basin Bone Spring and Wolfcamp plays, a reviving Yeso marks the return of Northwest Shelf credibility.

Former WildHorse CEO Jay Graham Returns With Permian Basin Acquisition

Jay Graham is back after the successful sale of WildHorse Resource Development to Chesapeake Energy with a new venture—this time in the Permian Basin.

Percussion Petroleum: A Play On The Yeso

A start-up in early 2016, Percussion Petroleum has found success with horizontal pay from New Mexico’s Yeso in the Permian Basin.

All Is Well In The Permian's Yeso

The sprawling Permian Basin is the oil and gas gift that keeps on giving—often in unanticipated ways.