An E&P consolidation trend took out many of the biggest private producers inside of two years, but banks, private equity and other lenders are ready to fund a new crop of self-starters in oil and gas.
One Equity Partners will buy EthosEnergy, which provides services to power generation and industrial customers operating industrial gas turbines.
Owned by energy-focused investment firm EIG, Maverick Natural Resources is working with investment bankers at Jefferies on the sale process.
EQV Ventures reported “there is approximately $75 billion of private upstream assets held by aging private-equity funds that may require liquidity over the next five years.”
Silver Hill’s portfolio consists of operations across 55,000 net acres in East Texas and North Louisiana and 86,000 net acres in North Dakota.
KKR, alongside Sumitomo Mitsui Banking Corp., also arranged a $522 million development facility for Avantus.
Key family offices, whose wealth developed from other industries, are filling in oil and gas investment gaps left by the flight of endowment and institutional capital from the space.
U.S. Silica stockholders approved a $1.85 billion all-cash deal with Apollo Global Management, a transaction that will take publicly traded proppant services provider private.
What role do firms controlled by descendants of the original Permian Basin wildcatters play in a sector increasingly dominated by scale?
A relatively new type of financing has emerged for E&Ps—PDP asset-based securitization.