Carnelian Energy Capital Management LP
About
Carnelian Energy Capital is an energy investment firm based in Houston, Texas. With $1 billion of cumulative equity commitments, Carnelian focuses on lower-to-middle market equity investments in the North American upstream, midstream and oilfield services sectors. Our investment strategy is driven by backing best-in-class management teams pursuing attractive risk-reward strategies and leverages our team’s deep industry relationships, capital market experience and structuring expertise.
Editor's note: Updated June 20, 2019.
Headquarters Address
2229 San Felipe, Suite 1450
Houston, TX 77019
United States
Website
carnelianenergy.comMain Phone Number
Transactions
SilverBow Resources Acquires Eagle Ford Operator SandPoint for $71 Million
SilverBow Resources Acquires Eagle Ford Operator SandPoint for $71 Million
Civitas CEO Eric Greager Steps Down Concurrent with $346 Million Deal
Civitas CEO Eric Greager Steps Down Concurrent with $346 Million Deal
Civitas CEO Eric Greager Steps Down Concurrent with $346 Million Deal
Civitas CEO Eric Greager Steps Down Concurrent with $346 Million Deal
Former WildHorse CEO Jay Graham Returns With Permian Basin Acquisition
Former WildHorse CEO Jay Graham Returns With Permian Basin Acquisition
Former WildHorse CEO Jay Graham Returns With Permian Basin Acquisition
Former WildHorse CEO Jay Graham Returns With Permian Basin Acquisition
This content is locked until you subscribe
This content is locked until you subscribe
This content is locked until you subscribe
This content is locked until you subscribe
Subscribe to Access
Instantly unlock over 15 years of A&D transactions and financing data.
New Financings
Closed its oversubscribed and upsized fourth fund, Carnelian Energy Capital IV LP, focused on the…
Carnelian Energy Capital Management LP announced the single closing of its…
Driftwood Energy Partners LLC has closed on the equity commitment from Carnelian Energy Capital II LP, a…
Closed oversubscribed second fund Carnelian Energy Capital II LP at hard cap. Funds focus on North…
This content is locked until you subscribe
This content is locked until you subscribe
This content is locked until you subscribe
Subscribe to Access
Instantly unlock over 15 years of A&D transactions and financing data.
News
CNX’s $505MM Bolt-On Adds Marcellus, Deep Utica in Pennsylvania
CNX Resources CEO Nick Deluliis said the deal to buy Apex Energy underscores CNX’s confidence in the stacked pay development opportunities unlocked in the deep Utica.
Crescent Upsizes Stock Offering, Offers Debt for Ridgemar Acquisition
Crescent Energy is offering 21.5 million shares of its stock and borrowing additional funds to pay for the cash portion of a $905 million acquisition of Ridgemar Energy.
Crescent Energy Bolts On $905MM Central Eagle Ford Acreage
Crescent Energy will purchase Eagle Ford assets from Carnelian Energy Capital Management-backed Ridgemar Energy for $905 million, plus WTI-based contingency payments of up to $170 million.
Carnelian Backs Williston E&P Zavanna as Bakken M&A Heats Up
Carnelian Energy Capital Management LP invested in Zavanna LLC, a longtime producer in the North Dakota Bakken and Three Forks plays.
Permian Pulse: Franklin Mountain Stands Out Among Delaware M&A Targets
Franklin Mountain was a relative nobody when the company bid for Delaware Basin acreage in a 2018 BLM auction. Today, it’s one of the largest private U.S. oil producers and a major target for acquisition.
Earthstone Shops Eagle Ford Assets as E&P Eyes South Texas Exit
Earthstone Energy is marketing PDP and undeveloped locations in the Eagle Ford as the E&P streamlines its focus on the Permian Basin.
Carnelian Energy Closes Fourth Fund at $975 Million Upsized Hard Cap
“We are excited by the opportunities we see across the energy landscape,” Tomas Ackerman, Carnelian Partner, commented in an April 12 release.
Oasis Petroleum Completes Permian Basin Exit in Sale to Percussion II
Percussion Petroleum acquired Oasis Petroleum’s remaining upstream assets in the Texas region of the Permian Basin for cash consideration of up to $375 million, a company filing says.
What the Oil Downturn Means for Capital Providers
While some private-equity investors have closed new funds, others are looking for ways to navigate market volatility.
Percussion Petroleum Re-ups with Carnelian Following Successful 2019 Sale
Percussion Petroleum II will pursue the same acquisition and development strategy as its predecessor, which sold its position in the Permian Basin’s Northwest Shelf to Spur Energy Partners in mid-2019.
Borrowing Cash To Fuel Growth Alone Is Over
Focus on returns, ESG essential to lure investors back to oil and gas.
Despite Uncertainty, Investment Firms Still Seek Opportunities In Energy
In these short discussions, hear what five firms have to say about strategy, outlook and their latest deals.
A&D Strategies & Opportunities: Money, Money, Money, Money
These experts in finance discuss funding start-ups and deals. Watch the full roundtable discussion here.
Private Energy Capital: Famine Or Feast?
The plight of private equity in an exit-challenged market pivots on perspective. And focusing on the lack in the short term risks missing the abundance in the longer view.
Former WildHorse CEO Jay Graham Returns With Permian Basin Acquisition
Jay Graham is back after the successful sale of WildHorse Resource Development to Chesapeake Energy with a new venture—this time in the Permian Basin.