Outrigger Energy receives $200M equity commitment

Outrigger Energy LLC

Denver, CO-based Outrigger Energy LLC has received $200 million in equity commitments from Kayne Anderson Energy Fund VI, private investor Brion G. Wise, and management. Outrigger Energy is a Denver-based midstream company that provides a full range of midstream services to crude oil and natural gas producers.

Outrigger Energy’s management team is led by CEO Dave Keanini and SVP, business development Brian Jeffries. Prior to the formation of Outrigger Energy, Keanini served as president and COO of Bear Tracker Energy, where he was instrumental in the greenfield sourcing, design and development of the company’s assets in North Dakota’s Bakken shale and Colorado’s Niobrara shale prior to its sale. Previously, he was general manager of Rockies Midstream for Anadarko Petroleum Corp

Jeffries brings over 25 years of experience in the pipeline industry and currently also serves as executive director of the Wyoming Pipeline Authority.

“The pace of activity within emerging resource plays and the resultant need for midstream development has never been greater,” said Keanini.  “Outrigger Energy is excited to bring together the technical expertise, resources and relationships of Kayne Anderson with the track record, support and experience of industry veteran, Brion Wise along with his long-time business partner Bill Sanderson.  Together, we believe Outrigger will successfully capitalize on high-growth, long-term development opportunities working closely with our producer customers.”

“We are very pleased to partner with the team at Outrigger Energy,” said Chuck Yates, partner at Kayne Anderson Energy Funds.  “The company has assembled a deep management team with the skills necessary to provide industry-leading solutions to producers.”

Wise added, “Bill Sanderson and I have personally known Dave Keanini and Brian Jeffries for many years and worked closely with them in growing Western Gas Resources prior to its sale. We are optimistic about the current opportunities facing entrepreneurial midstream providers and are keen to re-enter the midstream sector partnering with the Outrigger team and Kayne Anderson.”

Headquartered in Denver, Colorado, Outrigger Energy is a midstream energy company focused on the design, construction, operation and acquisition of midstream assets. 

Brion G. Wise is a private investor and has over 35 years of experience in the oil and gas industry. He founded Western Gas Resources Inc. in 1971 and served the company in various executive and board positions until its sale to Anadarko Petroleum Corp. in 2006 for $5.3 billion. 

Related Articles

Rig operating in the Marcellus Shale

Moody's: Marcellus Shale one of the most profitable regions in US

04/09/2014 Exploration and production companies that extract natural gas from the Marcellus Shale will benefit more than natural gas producers elsewhere in North America, even if gas prices weaken, Moody’s In...

Ultra Petroleum makes executive leadership transition

04/02/2014 Ultra Petroleum Corp. reports that William Picquet intends to retire from the company at the end of April. In connection with Picquet’s retirement, Ultra's board of directors has promoted Brad John...

Industry Briefs

03/13/2014

Anadarko to divest its Chinese subsidiary

02/18/2014 Anadarko Petroleum Corp. has entered into a stock purchase agreement with a wholly owned subsidiary of Brightoil Petroleum (Holdings) Ltd., whereby Anadarko will divest its Chinese subsidiary for $...

D-J Basin experts

02/01/2014

Synergy setting the standard for operating efficiency

More Oil & Gas Financial Articles

Rig operating in the Marcellus Shale

Moody's: Marcellus Shale one of the most profitable regions in US

Wed, Apr 9, 2014

Exploration and production companies that extract natural gas from the Marcellus Shale will benefit more than natural gas producers elsewhere in North America, even if gas prices weaken, Moody’s Investors Services said in a recent report.

Ultra Petroleum makes executive leadership transition

Wed, Apr 2, 2014

Ultra Petroleum Corp. reports that William Picquet intends to retire from the company at the end of April. In connection with Picquet’s retirement, Ultra's board of directors has promoted Brad Johnson to the role of senior vice president of operations, effective April 1.

Industry Briefs

Thu, Mar 13, 2014

Anadarko to divest its Chinese subsidiary

Tue, Feb 18, 2014

Anadarko Petroleum Corp. has entered into a stock purchase agreement with a wholly owned subsidiary of Brightoil Petroleum (Holdings) Ltd., whereby Anadarko will divest its Chinese subsidiary for $1.075 billion.

D-J Basin experts

Sat, Feb 1, 2014

Synergy setting the standard for operating efficiency

Most Popular

Oil & Gas Jobs

Search More Job Listings >>
Subscribe to OGFJ