Pickering Energy Partners to Deploy $300 Million in Permian Basin

Pickering Energy Partners will target $300 million of capital deployment alongside “premier operators” in the Permian Basin as part of its partnership with a large, unnamed institutional investor.

Hart Energy Staff
Pickering Energy Partners to Deploy $300 Million in Permian Basin

The Pickering Energy Partners partnership will focus on drilling and development capital opportunities from $50 million to $150 million. (Source: Hart Energy, Oil and Gas Investor

Pickering Energy Partners on July 13 formed a “strategic partnership” to acquire and develop oil and gas assets, the Houston-based investment firm said.

The partnership, with a large, unnamed institutional investor, will target $300 million of capital deployment alongside “premier operators” in the Permian Basin, according to a company release.

“We are in an environment where oil and gas is strategic again, where energy security and trustworthy barrels are rising as a priority for companies and consumers. We are excited to invest across the Permian and play our part in bringing U.S. production to the marketplace,” commented Dan Pickering, chief investment officer and the firm’s founder.

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