Kayne Anderson Capital Advisors LP combined three of its portfolio teams in the Anadarko Basin on May 20, continuing a trend in the private equity oil and gas space predating the many unprecedented events of 2020 that threw the industry into a tailspin.

In a release, Kayne Anderson Energy Funds announced the all-equity consolidation of Casillas Petroleum Resource Partners LLC, Native Exploration Holdings LLC and Acacia Exploration Partners LLC, three private oil and gas operators with assets across Oklahoma in the Midcontinent region including in the STACK shale play.

The merger results in the formation of 89 Energy III LLC, an Oklahoma City-based, private energy company, which concurrent with the consolidation closed on a new credit facility and additional equity funding from Kayne Anderson. Additionally, 89 Energy III will manage the assets of Triumph Energy Partners LLC, another portfolio company of Kayne Anderson.

Already have an account? Log In

Thanks for reading Hart Energy.

Sign Up now to get unmatched coverage of the oil and gas industry’s entire landscape.

Free Access