Three Global Infrastructure Partner directors are being replaced on EnLink Midstream’s board of directors by members of ONEOK’s executive leadership team.
The refinancing comes at the heels of Diamondback and Kinetik Holdings acquiring stake in EPIC’s 800-mile crude pipeline, which runs from the Permian Basin to the Gulf Coast.
Since September, Post Oak Energy Capital has backed new portfolio companies in the Permian Basin and Haynesville Shale and made an equity commitment to Utica Shale E&P Tiburon Oil & Gas Partners.
Funding sources are evolving as reserve-based loans remain limited.
3P Energy Capital’s Founder and Managing Partner Christina Kitchens shares insight on the “educational process” of operators looking at opportunities in the U.S. and how E&Ps looking for capital can interest family offices, in this Hart Energy Exclusive interview.
Powder River Basin E&P Peak Resources expects to raise more than $57 million in net proceeds and follows a number of companies that have gone public or intend to test the public markets.
Arizona’s Box Canyon solar project secured a $260 million tax-equity financing commitment from Capital One and an affiliate of J.P. Morgan.
Here’s a roundup of the latest E&P headlines, including another delay at one of the largest gas fields in the world and two major contracts in West Africa.
WhiteHawk Energy, in pursuit of a merger with PHX Minerals for at least 18 months, has proposed an offer representing a 17% premium to the mineral company’s 30-day average weighted price.
Blake Webster, partner at Quantum Capital Group, said the private-equity firm’s portfolio teams are looking to buy from sellers looking for cash buyouts, though not necessarily in the usual places.