The Latest

Novo II Reloads, Aims for Delaware Deals After $1.5B Exit Last Year

After Novo I sold its Delaware Basin position for $1.5 billion last year, Novo Oil & Gas II is reloading with EnCap backing and aiming for more Delaware deals.

Is Double Eagle IV the Most Coveted PE-backed Permian E&P Left?

Double Eagle IV is quietly adding leases and drilling new oil wells in core parts of the Midland Basin. After a historic run of corporate consolidation, is it the most attractive private equity-backed E&P still standing in the Permian Basin?

Bobby Tudor on Capital Access and Oil, Gas Participation in the Energy Transition

Bobby Tudor, the founder and CEO of Artemis Energy Partners, says while public companies are generating cash, private equity firms in the upstream business are facing more difficulties raising new funds, in this Hart Energy Exclusive interview.  

OEP Completes Acquisition of TechnipFMC’s Measurement Solutions Business

One Equity Partners said TechnipFMC’s measurement solutions business will be rebranded as Guidant and specialize in measurement technology, automation solutions and global systems.

Private Equity: Seeking ‘Scottie Pippen’ Plays, If Not Another Michael Jordan

The Permian’s Tier 1 acreage opportunities for startup E&Ps are dwindling. Investors are beginning to look elsewhere.

ArcLight Creates AlphaGen to Manage Firm’s US Power Infrastructure Portfolio

Alpha Generation, owned by ArcLight Capital Partners, will manage one of the U.S.’ largest power infrastructure portfolios with annual revenues of about $2 billion.

Energy Capital Partners Acquires EnCap’s Triple Oak Power

Energy Capital Partners will acquire EnCap-backed Triple Oak, which develops, acquires and monetizes renewable energy projects.

Private Equity Firm Voyager Interests Acquires Aegion Coating Services

The acquisition of Aegion Coating Services will help expand Voyager’s presence in the Middle East, South America and Asia.

PE-backed Ellipsis Acquires Interests in Permian, Other US Basins

Ellipsis U.S. Onshore, backed by private equity firm Westlawn Group, bolted on more assets in the Permian Basin and expanded its reach into Colorado and Louisiana.

Quadrupling Energy Transition Financing and the Quest for Net Zero

McKinsey Partner Kassia Yanosek details private equity’s unique role in the climate transition, despite corporate uneasiness at partnering with firms, and the need to quadruple funding while government ramps up support.