Learn more about Hart Energy Conferences
Get our latest conference schedules, updates and insights straight to your inbox.
Carnelian Energy Capital Management LP closed its oversubscribed and upsized fourth fund, Carnelian Energy Capital IV LP, with $975 million of capital commitments.
“We are excited by the opportunities we see across the energy landscape,” Tomas Ackerman, Carnelian Partner, commented in an April 12 release.
Houston-based Carnelian is an energy investment firm managing a family of private equity funds focused on investments across the North American energy sector.
“Capital scarcity and underinvestment in traditional forms of energy, against a backdrop of resilient global demand, underpins a favorable risk-reward balance in the natural resources space,” Ackerman said. “At the same time, continuing advancements in decarbonization provide compelling and differentiated growth equity opportunities for the funds we manage.”
Founded in 2015, Carnelian Energy Capital has approximately $2.8 billion of cumulative capital commitments, according to the release.
“We are humbled by the support and partnership from our investors who have chosen to be engaged stakeholders in meeting the world’s critical energy needs in an environmentally-responsible way,” Daniel Goodman, Carnelian Partner, also added.
Recommended Reading
Aethon Cuts Rigs but Wants More Western Haynesville Acreage
2024-03-28 - Private gas E&P Aethon Energy has drilled some screamers in its far western Haynesville Shale play—and the company wants to do more in the area.
Energy Transition in Motion (Week of March 28, 2024)
2024-03-28 - Here is a look at some of this week’s renewable energy news, including proposals submitted to develop about 6.8 gigawatts of wind projects offshore Connecticut, Massachusetts and Rhode Island.
SLB to Acquire Majority Stake in Aker Carbon Capture
2024-03-28 - SLB and Aker Carbon Capture plan to combine their technology portfolios, expertise and operations platforms to bring carbon capture technologies to market faster and more economically, SLB said in a news release.
CERAWeek: Tecpetrol CEO Touts Argentina Conventional, Unconventional Potential
2024-03-28 - Tecpetrol CEO Ricardo Markous touted Argentina’s conventional and unconventional potential saying the country’s oil production would nearly double by 2030 while LNG exports would likely evolve over three phases.
DUG GAS+: Chesapeake in Drill-but-don’t-turn-on Mode
2024-03-28 - COO Josh Viets said Chesapeake is cutting costs and ready to take advantage once gas prices rebound.