Bayou City Energy has now raised $946 million since its 2015 inception to be invested in the North American E&P sector. Most recently, the firm reached its $310 million hard cap and held the final closing of Bayou City Energy II LP (Fund II) on March 31, an April 3 press release said.
Bayou City makes privately negotiated, control equity investments ranging between $5 million and $50 million per platform company in the upstream space, and seeks to make drilling capital commitments, the press release said.
William McMullen, BCE founder and managing partner, said the purchase of preferred stock in High Mesa Inc. is one already-closed transaction in Fund II.
Latham & Watkins LLP was the fund formation counsel. Bayou City did not engage a placement agent in connection with the formation of the fund.
Recommended Reading
Venture Global Seeks FERC Actions on LNG Projects with Sense of Urgency
2024-02-21 - Venture Global files requests with the Federal Energy Regulatory Commission for Calcasieu Pass 1 and 2 before a potential vacancy on the commission brings approvals to a standstill.
US EPA Expected to Drop Hydrogen from Power Plant Rule, Sources Say
2024-04-22 - The move reflects skepticism within the U.S. government that the technology will develop quickly enough to become a significant tool to decarbonize the electricity industry.
Venture Global Gets FERC Nod to Process Gas for LNG
2024-04-23 - Venture Global’s massive export terminal will change natural gas flows across the Gulf of Mexico but its Plaquemines LNG export terminal may still be years away from delivering LNG to long-term customers.
Despite LNG Permitting Risks, Cheniere Expansions Continue
2024-02-28 - U.S.-based Cheniere Energy expects the U.S. market, which exported 86 million tonnes per annum (mtpa) of LNG in 2023, will be the first to surpass the 200 mtpa mark—even taking into account a recent pause on approvals related to new U.S. LNG projects.
Energy Transition in Motion (Week of March 22, 2024)
2024-03-22 - Here is a look at some of this week’s renewable energy news, including a new modeling tool for superhot rock.