Private Equity | New Company / Start-Ups | Fundraising | Capital Markets | Private Equity Activity
New E&P Company Debuts Armed with New Capital
Print
|
Percussion Petroleum, LLC announced the closing of an equity commitment from Carnelian Energy Capital Management, L.P. through Carnelian's fund, Carnelian Energy Capital, L.P.
Percussion, an independent oil and natural gas company headquartered in Houston, was formed to pursue an acquisition and exploitation strategy in select onshore basins in North America.
The founders of the Company, John Campbell III, Lupe Carrillo and Brian Zwart, previously worked together at two successful private-equity backed ventures, QR Energy, L.P. and Rockcliff Energy, LLC.
Campbell said: "We are excited to be partnering with Carnelian during this dynamic time in the energy markets. Carnelian's financial expertise and value-added relationships, coupled with Percussion's proven exploitation skill…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More New Company / Start-Ups News
An Eagle Ford Team That Cashed Out Is Back for Another Cycle
Houston — January 15, 2026 — Lime Rock Partners, a Houston-based private investment firm specializing in upstream oil and gas, has completed an equity commitment to Athena Energy…
New E&P Scores Capital; Heading To the MidCon Region
Company Overview 406 Energy, LLC is a newly formed, Houston-based upstream oil & gas development company launched in October 2025 with an initial equity commitment from NGP Natural…
New Haynesville Focused E&P Scores Cash From Large PE Firm.
South Wind Exploration & Production, a newly formed independent oil and natural gas company, has received over $400 million of equity commitments from Kayne Private Energy Income Fund…
New E&P Company Just Raised $2.0 Billion, Hunting for Assets.
Double Eagle Energy Holdings V, LLC is the latest venture from Fort Worth-based Double Eagle Energy, co-founded by Cody Campbell and John Sellers. Launched in April 2025, Double…
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…
North America News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…
Baytex 2026 Development Plans
Baytex’s 2026 development plan reflects a post–Eagle Ford sale capital program and a sharpened focus on its core Canadian assets. The Company approved 2026 exploration and development expenditures…
Tourmaline: 2026 Capital Program Locked In at $2.9B
Tourmaline’s 2026 exploration and production (EP) program is set at $2.9 billion and targets average production of 690,000–710,000 boepd, with the company maintaining the multi-year EP Plan released…