•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Houston private equity firm raises $2 billion fund

    Energy & Minerals Group, a Houston private equity firm, says it has raised approximately $2 billion to date for its latest investment fund and plans to increase the fund to $3 billion. The fund currently has about $4.5 billion in assets under management.

    The firm is one of the largest private equity investors in natural resources worldwide, and is a participant in around $12 billion in energy projects and mineral-related projects internationally.

    With many public capital providers still holding back in the public market, private equity investors in Texas, New York, and elsewhere have stepped forward to fill the vacuum, according to analysts. The upstream and midstream segments of the oil and gas industry have been major beneficiaries of these investments, including companies involved in capital-intensive shale development and offshore exploration and production.

    Most Popular

    Related Articles

    Energen updates on common stock offering and on oil hedges for 2016

    06/17/2015 Energen Corp. has launched an underwritten public offering of 5,700,000 shares of its common stock. The company has also begun hedging its 2016 oil production and has added to its 2015 oil hedge po...

    Orca secures IFC funding, proceeds with Songo Songo project

    06/16/2015 Orca Exploration Group Inc. is proceeding with the first phase of its Songo Songo development program offshore Tanzania following World Bank board approval of the International Finance Corp. (IFC) ...

    NextDecade raises additional funding for Rio Grande LNG project

    06/16/2015 NextDecade LLC confirms that Valinor Management LP and Halcyon Energy Investors LP have joined certain funds managed by York Capital Management Global Advisors LLC and its affiliates in providing N...

    Evolution Petroleum initiates limited oil price hedging program

    06/16/2015 Evolution Petroleum Corp. has put in place a limited oil price protection program for the months of July through December 2015. The quantity hedged is 1,100 barrels of oil per day (BOPD), which rep...

    ARP begins Class D and E unit distributions

    06/16/2015 Atlas Resource Partners LP has declared its next quarterly distribution for the Class D cumulative redeemable perpetual preferred units of $0.5390625 per unit. ARP has also declared its initia...

    Sabine decides not to make interest payment, continues creditor discussions

    06/16/2015 Sabine Oil & Gas Corp. has elected to exercise its right to a grace period with respect to a $21 million interest payment due on its 7.25% senior notes due 2019. The interest payment ...

    More Oil & Gas Financial Articles

    Energen updates on common stock offering and on oil hedges for 2016

    Wed, Jun 17, 2015

    Energen Corp. has launched an underwritten public offering of 5,700,000 shares of its common stock. The company has also begun hedging its 2016 oil production and has added to its 2015 oil hedge position.  

    Orca secures IFC funding, proceeds with Songo Songo project

    Tue, Jun 16, 2015

    Orca Exploration Group Inc. is proceeding with the first phase of its Songo Songo development program offshore Tanzania following World Bank board approval of the International Finance Corp. (IFC) financing.

    NextDecade raises additional funding for Rio Grande LNG project

    Tue, Jun 16, 2015

    NextDecade LLC confirms that Valinor Management LP and Halcyon Energy Investors LP have joined certain funds managed by York Capital Management Global Advisors LLC and its affiliates in providing NextDecade with an additional $85 million in order to take the Rio Grande LNG and Rio Bravo Pipeline project to final investment decision and to fund the continued development of Pelican Island LNG.

    Evolution Petroleum initiates limited oil price hedging program

    Tue, Jun 16, 2015

    Evolution Petroleum Corp. has put in place a limited oil price protection program for the months of July through December 2015. The quantity hedged is 1,100 barrels of oil per day (BOPD), which represents two-thirds of expected sales volume for this period. Half of the hedged quantities (550 BOPD) have a floor price of $54 per barrel and a ceiling price of $66.50 per barrel. 

    ARP begins Class D and E unit distributions

    Tue, Jun 16, 2015

    Atlas Resource Partners LP has declared its next quarterly distribution for the Class D cumulative redeemable perpetual preferred units of $0.5390625 per unit. ARP has also declared its initial quarterly distribution for the Class E cumulative redeemable perpetual preferred units of $0.6793 per unit. 

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ