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
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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…
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News
Chord Drills First 4-Mile Bakken Well, Eyes Non-Op Marcellus Sale
Chord Energy drilled and completed its first 4-mile Bakken well and plans to drill more this year. Chord is also considering a sale of non-op Marcellus interests in northeast Pennsylvania.
Q&A: Pearl Energy Investments Rides the Downturns for 250% ROI
Billy Quinn, founder and managing director of Pearl Energy Investments, leads a team that thrives amid the oil and gas investment cycles.
Q&A: Petrie Partners Co-Founder Offers the Private Equity Perspective
Applying veteran wisdom to the oil and gas finance landscape, trends for 2025 begin to emerge.
Pearl Energy Investments Closes Fund IV with $999.9MM
Pearl Energy Investments’ Fund IV met its hard cap within four months of launching and closed on Jan. 31.
E&Ps Pivot from the Pricey Permian
SM Energy, Ovintiv and Devon Energy were rumored to be hunting for Permian M&A—but they ultimately inked deals in cheaper basins. Experts say it’s a trend to watch as producers shrug off high Permian prices for runway in the Williston, Eagle Ford, the Uinta and the Montney.
Crescent Energy Closes $905MM Acquisition in Central Eagle Ford
Crescent Energy’s cash-and-stock acquisition of Carnelian Energy Capital Management-backed Ridgemar Energy includes potential contingency payments of up to $170 million through 2027.
CNX Expands in Appalachia with Closing of $505MM Apex Deal
The bolt-on of Apex Energy II's upstream and midstream assets expands CNX’s stacked Marcellus and Utica undeveloped leaseholds.
Analysis: Middle Three Forks Bench Holds Vast Untapped Oil Potential
Williston Basin operators have mostly landed laterals in the shallower upper Three Forks bench. But the deeper middle Three Forks contains hundreds of millions of barrels of oil yet to be recovered, North Dakota state researchers report.
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.