Month: January 2018

Trilogy Midstream Announces Partnership with NGP

by: Business Wire HOUSTON – Business Wire – Trilogy Midstream Investments, LLC (“Trilogy Midstream” or the “Company”) is pleased to announce the addition of NGP as a partner. Both the Company’s Founders and NGP have made significant capital commitments to the Company in support of its strategy to develop midstream infrastructure along the Gulf Coast. Trilogy Midstream was founded in 2017 by Jerry Dearing, Dave Marye and Drew Tingleaf who worked together for almost a decade at NET Midstream, which


Private equity firm boosts shale funding in hunt for Permian deals

by: Reuters HOUSTON, Jan 4 (Reuters) – Luxe Energy LLC said on Thursday it had received an additional $296 million from its private equity backers to buy and develop acreage in the Permian Basin, the largest U.S. oilfield stretching across Texas and New Mexico. NGP Energy Capital Management is increasing its funding for Luxe and a related company to $820 million, up from a previous commitment of $524 million. This latest private equity investment in the U.S. shale industry is