Exploration & Production | Finance & Investing | New Company / Start-Ups | Capital Markets | Private Equity Activity
Bravo Natural Resources Scores $200MM Equity Commitment
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Bravo Natural Resources, LLC has raised over $200 million of equity commitments from Natural Gas Partners (NGP) through its most recently closed fund, NGP Natural Resources X, L.P., and the Bravo management team.
Based in Tulsa, Oklahoma, Bravo is an exploration and production company focused on conventional and unconventional acquisitions in select onshore basins in North America.
To date, Bravo Chief Executive Officer Charlie Stephenson has successfully built and sold four Mid-Continent based companies with NGP. Robert Schaffitzel, President and Chief Operating Officer of Bravo, is joining the Bravo leadership team after working in senior executive management roles at Samson Resources for over 15 years. Additionally, Trent Richey has joined Bravo as Chief Financial Officer. Prior to Bravo, Richey served as Vice President and Treasurer of Sandridge Energy.
Stephenson believes his long-standing relationship with NGP will prove beneficial.
Stephenson commented: "We have worked with NGP for more than 15 years, with each investment providing superior returns for our shareholders. Robert, Trent and I, together with the entire Bravo team, look forward to another highly successful venture with NGP.
Kenneth Hersh, Chief Executive Officer of NGP, added: "NGP is excited and grateful to partner with Charlie yet again. We have known Robert Schaffitzel and Trent Richey for years and are excited to welcome them into the NGP family."