Black Mountain Oil & Gas LLC closed a $150 million equity commitment from Natural Gas Partners (NGP) and formed a partnership, the company said Feb. 10.
NGP's Natural Resources XI LP natural resources-focused private-equity fund provided the commitment.
Black Mountain’s management team combines expertise in geology, engineering, land and A&D in conventional and unconventional oil and gas reservoirs. The company currently focuses on the Delaware Basin, but also works in other producing regions.
Black Mountain Oil & Gas LLC is based in Fort Worth, Texas. Natural Gas Partners is based in Irving, Texas.
The acquisition of Fountain Qual Water Treatment is expected to strengthen XRI Holdings’ network of water midstream systems in the Permian Basin.
Today’s featured 25 Influential Women in Energy honoree is Cindy Yeilding, senior vice president of BP America Inc. based in Houston.
The 2020 Offshore Technology Conference has been canceled by the OTC board of directors due to the continued health and travel concerns surrounding the coronavirus pandemic.