Sabinal Energy LLC said July 18 it received a $300 million equity commitment from Kayne Private Energy Income Fund LP and members of its management team.
Founded in 2016, Sabinal is a private E&P based in The Woodlands, Texas. The company was formed to pursue the acquisition and development of large, long-life producing oil and gas assets.
The company's focus is in the Rockies, Midcontinent and Texas where members of its management team have extensive operational and development experience, the release said.
Sabinal is led by Bret Jameson as CEO and president. Jameson most recently served as COO for Lewis Energy and as vice president for Devon Energy Corp.'s (NYSE: DVN) Anadarko Basin unit.
The company's senior management team also includes:
- Chris McMahon as executive vice president of technical;
- Dan Higdon as executive vice president of land; and
- Jeff Gutman as executive vice president and CFO.
Both McMahon and Higdon worked with Jameson at Devon, according to the release.
“We believe that our team’s broad technical and operational experience alongside the technical and financial expertise of Kayne Anderson will provide an exceptional opportunity to take advantage of the current market environment," Jameson said in a statement
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