Private equity firm Pearl Energy Investments will back Eagle Mountain Energy Partners II, which last year exited its Williston Basin assets in a nearly $300 million deal with TXO Partners. (Source: Patrish Jackson/Shutterstock, Pearl Energy Investments)
Houston’s Eagle Mountain Energy Partners II (EMEP II) has secured an undisclosed equity commitment from Dallas-based private equity firm Pearl Energy Investments to pursue acquisition and development opportunities on familiar ground: the Williston Basin and the Rockies.
In September, the first iteration of the company sold its Williston assets in a cash-and-unit transaction to MLP TXO Partners LP for roughly $296 million. EMEP II was co-founded by CEO Eric Pregler, CFO Shaleen Patel, Engineering Vice President Michael Dekruif and Business Development Head Kyle Dubiel.
“We are excited to continue our strong relationship with Pearl and remain committed to responsible stewardship of both capital and operations,” Pregler said. “Now is an opportunistic time to invest in oil and gas assets, and our partnership with Pearl is critical to our success.”
Steven Cobb, a partner at Pearl, said the EMEP team has a “unique ability to create value in dynamic markets and across a diverse resource base.”
EMEP II was advised by O’Melveny & Myers LLP. Willkie, Farr & Gallagher LLP acted as legal counsel to Pearl.
Recommended Reading
Pinnacle Midstream Execs Form Energy Spectrum-Backed Renegade
2025-02-03 - Renegade Infrastructure, led by Permian-centric Pinnacle Midstream developers Drew Ward and Jason Tanous, have received a capital commitment from Energy Spectrum Partners.
Italy's Intesa Sanpaolo Adds to List of Banks Shunning Papua LNG Project
2025-02-13 - Italy's largest banking group, Intesa Sanpaolo, is the latest in a list of banks unwilling to finance a $10 billion LNG project in Papua New Guinea being developed by France's TotalEnergies, Australia's Santos and the U.S.' Exxon Mobil.
Origis Secures $1B in New Investments from Brookfield, Antin
2025-01-15 - Brookfield Asset Management is joining Origis Energy’s investor group alongside existing investor and majority owner Antin Infrastructure Partners.
Pearl Again Backs Williston E&P Eagle Mountain Energy Partners
2025-01-16 - Private equity firm Pearl Energy Partners will back Eagle Mountain Energy Partners II, which last year exited its Williston Basin assets in a nearly $300 million deal with TXO Partners.
Pearl Energy Investments Closes Fund IV with $999.9MM
2025-02-04 - Pearl Energy Investments’ Fund IV met its hard cap within four months of launching and closed on Jan. 31.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.