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Private Equity Invested $12 Billion to Start 40 New Companies in 2018
Below is a look at how Private Equity firms deployed some $12 billion in 2018 across 40 new companies.
By Company Type
Exploration & Production = $7.0 billion
Minerals = $1.8 Billion
Midstream = $2.01 billion
Oilfield Services = $1.0 billion
By Area/Basin/Play
Canada : $250 million
Ark-la-Tex/Haynesville : $800 Million
MidCon/STACK/SCOOP : $1.5 billion
Permian : $3.8 billion
Powder River : $2.0 billion
Top Companies (based on capital raised)
Northwood Energy LLC -Led by Ryan Birkenfeld, CEO - Raised $850 million : Acquired property in the Powder River Basin
Flywheel Energy -Led by Justin Cope, CEO - Raised $700 million : Acquired BHP's Fayetteville Property
Horizon Resources III -Led by Jason Dean, CEO - Raised $500 million : Looking for non-op properties in the Rockies
Tall City Exploration III Led by Michael Oestmann, CEO - Raised $500 million : Looking for operated properties in the Permian
The above list is showing only 4 of 40 companies - the full 40-company list is available to premium subscribers with access to Shale Experts' Private Equity Database.
To get more information on the Private Equity Database or to add it to your subscription, email or call us at 713-876-7700.
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