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New Comapny : New Permian E&P Secures Funds From Large PE-Firm

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New Comapny :  New Permian E&P Secures Funds From Large PE-Firm

Greenlake Energy II is the latest venture by Greenlake Energy, an Austin-based oil and gas company specializing in upstream exploration and production in the Permian Basin. Launched in May 2025, Greenlake Energy II is backed by a $200 million equity commitment from NGP Energy Capital Management, building upon the foundation established by Greenlake Energy I.

strong>Company Overview

Name: Greenlake Energy II

Headquarters: 3600 N Capital of Texas Hwy, Suite A240, Austin, TX 78746

Website: greenlakeenergy.com

strong>Leadership Team

Matt Gallagher – Founder, President & CEO
Formerly President and CEO of Parsley Energy, which was sold to Pioneer Natural Resources in 2021.

Kyle Rhodes – Founding Member, Vice President – Finance
Oversees financial strategy and capital management.

Andrew Padgett – F…

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