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New E&P Companies Hit the Scene Armed with $650 Million

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New E&P Companies Hit the Scene Armed with $650 Million

In the last week, a number of new companies have entered the mix. Each has scored a sizable private equity investment to fuel its startup operations.

Latest E&P Newcomers: Balidor Oil & Gas, LLC $150 million commitment from Kayne Anderson Energy Funds

The Balidor management team is led by Dave Baker, CEO; Brian Dorr, COO; and Steve Liles, Vice President. Prior to forming Balidor, Dave Baker and Brian Dorr served as senior executives at Breitburn Energy where Dave Baker served as Senior Vice President of Operations, managing engineering and operations for all of Breitburn’s assets, and Brian Dorr served as Vice President of Operations, managing Breitburn’s E&P operations in six states. Steve Liles joins the team from his prior role as Executive VP and COO for BETA Offshore.

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