Newly formed Sequel Energy Group LLC received more than $500 million of initial capital through funds managed by GSO Capital Partners LP and Sequel Energy’s founding members, according to a Nov. 2 press release from Blackstone.
Sequel Energy will target structured or credit investments in nonoperated oil and gas working interests in proven resource plays throughout North America.
Comprised of industry veterans Doug York, Jeff Hemphill and Dave Kornder, Sequel Energy’s management team has more than 75 years of combined experience exploring, developing and operating oil and natural gas fields across several major U.S. producing basins. York is one of three founding members.
GSO Capital Partners LP is the global credit investment platform of Blackstone.
Recommended Reading
CNX, Appalachia Peers Defer Completions as NatGas Prices Languish
2024-04-25 - Henry Hub blues: CNX Resources and other Appalachia producers are slashing production and deferring well completions as natural gas spot prices hover near record lows.
Chevron’s Tengiz Oil Field Operations Start Up in Kazakhstan
2024-04-25 - The final phase of Chevron’s project will produce about 260,000 bbl/d.
Rhino Taps Halliburton for Namibia Well Work
2024-04-24 - Halliburton’s deepwater integrated multi-well construction contract for a block in the Orange Basin starts later this year.
Halliburton’s Low-key M&A Strategy Remains Unchanged
2024-04-23 - Halliburton CEO Jeff Miller says expected organic growth generates more shareholder value than following consolidation trends, such as chief rival SLB’s plans to buy ChampionX.
Deepwater Roundup 2024: Americas
2024-04-23 - The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.