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.
When the oil and gas industry is faced with a collective crisis, demand for new solutions and ways of working increase as challenges are grappled with. Crisis is the mother of invention, after all.
The board of directors of Siemens Gamesa Renewable Energy appointed Alfonso Faubel as the company’s new Onshore Business CEO, effective July 29.
Saipem has been collaborating with Norway’s Equinor for over a decade backed by frame agreements, namely those regarding transportation and installation as well as subsea construction works.