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First Reserve

First Reserve Corporation is a private equity firm specializing in leveraged buyouts and growth capital investments in the energy sector. First Reserve was founded in 1984 and is the oldest and largest private equity fund dedicated to investments in the energy sector.

News, Products and Stock Info

First Reserve acquires Dixie Electric from One Rock Capital Partners

12/19/2013 First Reserve, a large global private equity firm exclusively focused on energy, through First Reserve Fund XII, has acquired Dixie Electric LLC from private investment company One Rock Capital Par...

First Reserve makes senior promotions

12/12/2013

First Reserve, a large global private equity firm exclusively focused on energy, has promoted two senior investment professionals within the Buyout Funds team.

First Reserve to inject $9B into energy industry

04/27/2009 In arguably one of the biggest financial transactions seen since before the credit crisis, energy industry investor, First Reserve Corp., has formed First Reserve Fund XII, a $9 billion private equ...

First Reserve establishes $9 billion private equity fund for energy investment

04/20/2009 First Reserve Corp. has formed a $9 billion fund, First Reserve Fund XII LP, to make privately negotiated equity and equity-related investments in a diversified portfolio of companies in the global...

Houlihan Smith advises sale of Western Iowa Energy, Central Iowa Energy to Renewable Energy Group

02/11/2009 Houlihan Smith & Co. Inc. acted as the exclusive financial advisor to Western Iowa Energy LLC and Central Iowa Energy LLC, in their sale to Renewable Energy Group.

Tupi first oil claimed as trophy by Brazil's President Lula

02/11/2009 What better day than Labor Day (May 1) for President Luiz Inacio Lula da Silva, a former lathe operator and union leader, to celebrate initial production of the largest field discovered in the Amer...

Stephens expands energy investment banking

02/11/2009 Stephens Inc., a full-service investment banking and brokerage firm, has expanded its investment banking group. Six professionals, hailing from Energy Capital Solutions LP, will spearhead Stephens ...

Denbury divests 60% of Barnett shale assets to Talon

02/11/2009 Denbury Resources Inc. will sell 60% of its Barnett Shale natural gas assets for $270 million to Talon Oil & Gas LLC, a privately-held company.

Berry Petroleum to make $300 million senior note offering

02/11/2009 Independent oil and gas production and exploitation company Berry Petroleum Co. expects to publicly offer $300 million aggregate principal amount of senior notes due 2014 and intends to use the net...

First Reserve Website

 

https://www.firstreserve.com/

OGJ150

Gulfport Energy names Gaydosik CFO

Jul 10, 2014 Gulfport Energy Corp. has appointed Aaron Gaydosik to serve as CFO. Most recently, Gaydosik served as vice president of finance at Kodiak Oil &...

Revenue, net income show small increases in 4Q2012

May 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal grew in the final...

Helix completes sale of oil and gas business

Feb 6, 2013 Helix Energy Solutions Group Inc.has closed the previously announced sale of Energy Resource Technology GOM Inc. (ERT), the company’s oil and gas s...

Revenue, net income drop sharply in 3Q12

Feb 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal continued their d...

WPX Energy makes natural gas discovery in Niobrara formation

Jan 23, 2013 Tulsa, OK-based oil and gas exploration and production company WPX Energy said January 22 that a recent Niobrara gas discovery in western Colorado ...

OGFJ100P

Vantage Energy files for $400M IPO

Jul 8, 2014

Vantage Energy Inc., a privately-held oil and gas company, plans to raise approximately $400 million in an IPO. 

Rock Oil increases capital commitment, adds to management

Jun 10, 2014 Wells Fargo Energy Capital and BNP Paribas have made investments and capital commitments to Rock Oil Holdings LLC. In addition, Rock Oil has named ...

AEPB acquires Permian leasehold for $2.5B

Jun 9, 2014 American Energy – Permian Basin LLC, an affiliate of American Energy Partners LP, has signed an agreement to acquire approximately 63,000 net acres...

FourPoint raises $1B in capital, partners with EnerVest in Anadarko Basin

Jan 31, 2014 FourPoint Energy LLC has acquired certain producing and undeveloped oil and gas properties and related midstream assets in the Western Anadarko Bas...

OGFJ100P company update

Jul 11, 2013 Independent research firm IHS Herold Inc. has provided OGFJ with updated production data for our periodic ranking of US-based private E&P compa...

Oil & Gas Companies

Roxi Petroleum makes discovery at BNG Contract Area in Kazakhstan

Roxi Petroleum plc, a Central Asian oil and gas company with a focus on Kazakhstan, reports a discovery at its flagship BNG asset in the pre-Caspian basin in Western Kazakhstan.

ERHC Energy provides operations update

ERHC Energy Inc., a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today issued an update on the company's progress.


Hibiscus ups stakes in Gippsland Basin

Malaysia's Hibiscus Petroleum Berhad group has signed a series of binding agreements with its Australian partner, 3D Oil Ltd., to increase its effective stake in both the VIC/L31 production license in Australia's Gippsland Basin which contains the...

Repsol makes oil discovery in Trinidad and Tobago

Repsol has made a new hydrocarbons discovery in the Teak field, offshore Trinidad and Tobago, in the TSP block east of the island of Trinidad.

Pemex to invest $6B in Cantarell production

Pemex plans to launch a $6 billion investment in 2017 to maintain current levels of production at its Cantarell field over the next decade, Reuters reports.

KrisEnergy approves Wassana oil development

KrisEnergy Ltd., an independent upstream oil and gas company, has approved the final investment decision for the development of the Wassana oil field in the Gulf of Thailand G10/48 license, where production is anticipated to begin in the second ha...

Sonatrach grants Eni three prospection permits in Algeria

Eni has been granted three prospection permits by Sonatrach, the Algerian state company. The permits authorize Eni, as operator, and Sonatrach to carry out prospection activities in the basins of Timimoun and Oued Mya, in onshore southern Algeria.