Advance Energy Partners
About
Advance Energy Partners is a Houston-based E&P and portfolio company of EnCap Investments LP focused on acquisition and low-risk leasing and drilling opportunities in Texas and the Rockies. As of October 2020, Advance Energy Partners held approximately 18,000 acres in “Tier One” oily areas of the Delaware Basin. In addition, the company operate Mongoose Energy Holdings LLC, which has approximately 10,000 acres in Pecos County, Texas.
Editor's note: Updated Nov. 30, 2021.
Headquarters Address
11490 Westheimer Rd.
Suite 950
Houston, TX 77077
United States
Website
advanceenergypartners.comMain Phone Number
Transactions
Marketed: Permian Basin Leasehold, Loving County, Texas
Marketed: Permian Basin Leasehold, Loving County, Texas
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News
Matador Offers $750 Million in Senior Notes Following Ameredev Deal
Matador Resources will offer $750 million in senior notes following the close of its $1.83 billion Ameredev II acquisition.
By the Horns: Matador Wrangles Ameredev Deal for Delaware Scale
Matador Resources expects its enterprise value to reach $11.5 billion after acquiring Ameredev II for $1.9 billion in cash—not bad for a brand launched in 1983 with friends-and-family financing.
Matador Hoards Dry Powder for Potential M&A, Adds Delaware Acreage
Delaware-focused E&P Matador Resources is growing oil production, expanding midstream capacity, keeping debt low and hunting for M&A opportunities.
Matador Hoards Dry Powder for Potential M&A, Adds Delaware Acreage
Delaware-focused E&P Matador Resources is growing oil production, expanding midstream capacity, keeping debt low and hunting for M&A opportunities.
Enverus: 1Q Upstream Deals Hit $51B, but Consolidation is Slowing
Oil and gas dealmaking continued at a high clip in the first quarter, especially in the Permian Basin. But a thinning list of potential takeout targets, and an invigorated Federal Trade Commission, are chilling the red-hot M&A market.
Shale Outlook: Scarce Inventory to Drive Upstream M&A in ‘24
Permian Basin well productivity has trended down. Top-tier drilling locations are scarce. Capital is at a premium. E&Ps need low-cost inventory and scale, and they’re willing to pay big bucks to get them.
Exclusive: Matador Deals Driven by Geology, Right Opportunity [WATCH]
CEO of Matador Resources Joe Foran explains in this Hart Energy LIVE Exclusive why the company's April acquisition of Advance Energy Partners was so lucrative and what it would take for the company to take on any other large deals.
Middle Innings: Shale E&Ps’ Slow Struggle to Woo Back Investors
To attract capital back into the sector, the largest oil and gas companies are spending less on exploration and development and more on shareholder returns. How long can they keep the gravy train rolling in different commodity cycles?
Matador Resources Expanding Delaware Basin Midstream Capacity
Matador Resources plans to boost its natural gas processing capacity in the Permian Basin to serve third-party demand and the E&P’s own development plans.
Matador Resources to Bolt-on Delaware Basin’s Advance Energy in $1.6 Billion Deal
Matador said the deal to purchase Advance Energy, an EnCap-backed company, will not increase its leverage and adds more than 200 net drilling locations in the northern Delaware.
EnCap Merges Two Permian Portfolio Companies in $4 Billion Deal
The EnCap deal will create one of the largest privately-owned oil producers in the Delaware Basin of the Permian, sources said.
Forty Under 40: Boone Bajgier, Advance Energy Partners
Today’s featured Forty Under 40 honoree is Boone Bajgier, manager of production engineering and well operations at Houston-based Advance Energy Partners.
Marketed: Permian Basin Leasehold, Loving County, Texas
Advance Energy Partners retained EnergyNet for the sale of Permian Basin leasehold in Loving County, Texas, through a sealed-bid offering closing Aug. 21.