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PE Firms Splash Money on New E&P Companies As Oil Prices Rise

As we near the fourth quarter of 2021, Shale Experts is taking a look at all the new companies that were formed in the first part of the year.
Investments Accelerate as Oil Prices RisePrivate equity investments have largely grown alongside the rise in oil prices seen over the last several months.
Just this week, oil prices have risen to levels comparable to pre-pandemic levels.
New CompaniesBelow is a running list of the new E&Ps that have scored investments in 2021.
Sabalo Energy II - September 2021 Equity Commitment: $300 million PE Backer: EnCap Investments Focus Area: Sabalo II will likely focus on the Permian Basin. Management Team: The Sabalo II management team is led by Barry Clark. Providence Energy ("Sierra") - September 2021 Equity Commitment: $500 million PE Ba…- ✓ Full news archive — U.S., Canada & international coverage
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More Exclusives / Features News

Why $90 Oil Isn’t Bringing Back the Rigs
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These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…

Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…

Venezuela: Rebuild Potential vs. Stop/Start Reality — What It Means for International OFS
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A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
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Mid-Continent News

Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…

These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…

Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…

Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…

Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…
Mid-Continent - Anadarko Basin News

Permian Resources to Grow Production 6% in 2026
Permian Resources exited 2025 as the largest pure-play Delaware Basin operator with ~480,000 net acres and >105,000 net royalty acres. The company averaged 392.6 MBoe/d in 2025, including…

Battalion Oil Closes ~$60M West Quito Draw Asset Sale
Battalion Oil Corporation has closed the sale of its West Quito Draw assets in the Southern Delaware Basin to MCM Delaware Resources LLC, a subsidiary of MCM Energy…

Deal Rumor: ConocoPhillips Exploring $2B Permian Asset Sale
ConocoPhillips is reportedly exploring the potential sale of certain Permian Basin assets in a transaction valued at approximately $2 billion, according to Reuters, citing sources familiar with the…

This Operator Will Chop it's 2026 Rig Count From 34 to 24
ConocoPhillips is setting up 2026 as a lower-intensity, more efficient operating year — with the clearest proof coming from the Lower 48 activity reset following the Marathon integration.…

A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…