Finance - Equity
The Dallas-based fund will be liquidated and investor capital will be returned at the end of the year, according to the letter which was reviewed by Reuters.
Flat Creek Resources plans to use its $400 million initial commitment from EnCap Investments to build an attractive asset in the Permian Basin in West Texas and New Mexico.
After making four energy investments in 2014, private-equity firm Warburg Pincus made three in 2015 before recovering to five in both 2016 and 2017.
Energy Spectrum’s Ben Davis maps out the etiquette for both sponsor and management team in navigating the relationship.
The MLP market is undergoing changes as it matures and adjusts to outside forces, but the overall outlook is solid, according to Alerian’s Stacey Morris.
The number of energy IPOs will likely not increase in the near-term as oil and gas companies wait for investor appetite to return, analysts say.
Remember this when going public: It’s a clean slate and what transpired as a private company no longer matters.
SandPoint is a San Antonio, Texas-based independent oil and gas company with a management team that has a deep history in the acquisition and development of South Texas assets.
Marcel van Poecke is contributing to Carlyle’s $4 billion energy fund.
LongPoint II is the second company launched by Denver-based FourPoint Energy LLC to focus exclusively on the acquisition of oil and gas mineral interests.
With this closing, the Piedra companies bring their aggregate outstanding commitments to $592 million earmarked for deployment in the Permian Basin.
A resurgence in upstream A&D activity ultimately depends on when public equity markets quit punishing operators for not yet having shown them the money.