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Titan River Energy receives $100M private equity commitment

Ridgemont Equity Partners, Post Oak Energy Capital

Ridgemont Equity Partners and Post Oak Energy Capital have committed $100 million to the management team of Titan River Energy LLC. Titan River’s management team will be co-investing alongside Ridgemont and Post Oak. No other financial terms of the transaction were disclosed.

Titan River is a newly formed oil and gas company headquartered in Fort Worth, Texas, with an additional office in The Woodlands. Titan River will initially focus on the drilling and development of oil-prone shale plays in Texas. The company’s management team includes Chip Simmons, CEO; Lee Matthews, President and COO; Don Pearce, EVP of drilling operations; Kent Bowker, EVP of Geology; and Brennan Potts, VP of Land and Business Development. The management team has a proven track record with extensive experience in the geologic assessment, drilling and completion of over 400 horizontal wells in several major shale plays, with a recent focus on the Eagle Ford Shale.

“The Titan River team is privileged to have access to the financial support and industry knowledge of Ridgemont and Post Oak,” said Chip Simmons, CEO of Titan River. “I also feel fortunate to be partnered with such a high caliber management team. We are anxious to pursue our business model of converting acreage into reserves via drilling joint ventures, farm-ins and organic leasing opportunities.”

Ridgemont Equity Partners is a Charlotte-based private equity firm that specializes in middle market buyout and growth equity investments. Since 1993, the principals of Ridgemont have invested over $3 billion in more than 110 companies. The firm focuses on investments of $25 million to $75 million in industries in which it has deep expertise, including basic industries and services, energy, healthcare, and telecommunications/media/technology..

Post Oak Energy Capital, which was established in 2006, is based in Houston, Texas. Its management team has executive management experience and a broad network in the energy business as well as significant expertise in private equity investments, operations, development, finance, acquisitions and divestitures. The firm pursues private equity investments primarily in the upstream sector of the oil and gas industry in North America and, to a lesser extent, in oil field services and related infrastructure.

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