Category: News

Centennial Resource Development and Colgate Energy to Combine, Creating $7.0 Billion Permian Basin Pure-Play

DENVER and MIDLAND, Texas, May 19, 2022 (GLOBE NEWSWIRE) — Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) and Colgate Energy Partners III, LLC (“Colgate”) today announced they have entered into an agreement to combine in a merger of equals transaction. The combined company will be the largest pure-play E&P company in the Delaware Basin with approximately 180,000 net leasehold acres, 40,000 net royalty acres and total current production of approximately 135,000 Boe/d. The combined company plans to

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GridX Announces $40 Million in Series C Funding and Appoints New CEO

MILPITAS, Calif.–(BUSINESS WIRE)–GridX, the leading enterprise rate platform provider to modern utilities and energy technology companies, today announced it has closed $40 million in Series C funding led by Energy Impact Partners (EIP), a global investment platform leading the transition to a sustainable energy future. Moore Strategic Ventures (MSV), Sunfox Capital and NGP ETP also participated in the round with Hunter Horgan of MSV joining the company’s board of directors. GridX also announced that Chris Black has been appointed CEO of GridX. Both moves aim to speed the

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Via Separations Raises Oversubscribed $38 Million Series B Led by NGP ETP to Transform Industrial Energy Use

October 21, 2021 10:00 AM Eastern Daylight Time WATERTOWN, Mass.–(BUSINESS WIRE)–Via Separations, a rapidly-scaling technology company that enables industrial decarbonization, announced a $38 million investment, led by NGP ETP, a growth equity investor focused on opportunities in the global transition toward a lower carbon economy. 2040 Foundation also participated in the round, alongside existing investors, including: The Engine, Safar Partners, Prime Impact Fund, Embark Ventures and Massachusetts Clean Energy Center. The new capital will be used to drive deployment in the pulp and paper sector and accelerate platform expansion

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LevelTen Energy Raises $35 Million in Series C Funding from NGP ETP, Energy Majors, VCs and Google to Accelerate the Energy Transition

SEATTLE, Aug. 25, 2021 /PRNewswire-PRWeb/ — Today, LevelTen Energy, the leading provider of renewable transaction infrastructure, announced a $35 million Series C funding round led by NGP ETP, with participation from My Climate Journey (MCJ) Collective, as well as nearly all of LevelTen’s existing investors, including Avista Development, Constellation Technology Ventures, Equinor Ventures, Founders’ Co-op, Prelude Ventures, Techstars, TotalEnergies Ventures and Wireframe Ventures. In addition, Google participated as part of its goal of supporting innovative solutions that help enable businesses of all sizes, including

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NGP Expands Energy Transition Team, Hiring Industry Veterans David Colt and Maritza Liaw

July 15, 2021 08:30 AM Eastern Daylight Time DALLAS–(BUSINESS WIRE)–NGP today announced that David Colt and Maritza Liaw are joining the firm as Partners, focusing exclusively on energy transition investing through NGP ETP, NGP’s energy transition platform. Mr. Colt was previously a Principal with CPP Investments, where he was responsible for developing and executing a late-stage venture and growth equity investment strategy in energy transition. Prior to joining CPP Investments, Mr. Colt was the Vice President of Corporate Development and

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Solar Industry Veterans Launch Segue Sustainable Infrastructure to Capitalize Development Stage Renewable Energy Projects

Close over $100 million in commitments from NGP Energy Technology Partners III and management   SAN FRANCISCO, July 14, 2021 /PRNewswire/ — Solar energy industry veterans David Riester and Joseph Song have launched Segue Sustainable Infrastructure to provide development capital to renewable energy and energy storage projects. Riester previously led project finance for Cypress Creek Renewables and co-founded GSSG Solar and Lacuna Sustainable Investments. Song led the engineering team at SunEdison and later held an executive leadership role at Sol Systems where he oversaw engineering, development, and

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Mesa Royalties II Announces Mineral and Royalty Acquisition of Acreage in the Haynesville Shale Play

July 08, 2021 02:48 PM Eastern Daylight Time HOUSTON–(BUSINESS WIRE)–Mesa Royalties II, LLC (“Mesa II”) is pleased to announce it has closed on the acquisition of a mineral and royalty portfolio containing ~15,000 net royalty acres in the core of the Haynesville shale play from an undisclosed seller. The acquired asset contains 472 existing PDP wells, and the projected asset cash flow for the next twelve months is ~$30 million. Mesa II is a mineral and royalty acquisition company led

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Bird Rolls Out Bike Sharing Platform

By Nat Rubio-Licht Wednesday, June 23, 2021   Bird Rides Inc. is putting its foot on the pedal. The Santa Monica-based micromobility company announced the launch of its bike sharing service on June 23. The company will roll out Bird Bikes, which feature electric motors, LED headlights and diagnostic technology to monitor the bike’s health, in the United States and Europe throughout the rest of 2021. TechCrunch reported that Cleveland will be one of the first markets to receive the bikes.

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Mesa Minerals Partners II Announces Partnership with NGP

HOUSTON–(BUSINESS WIRE)–Mesa Minerals Partners II, LLC (“Mesa II”) is pleased to announce it has raised $150 million of aggregate equity commitments from NGP through NGP Natural Resources XII, L.P. and NGP Royalty Partners, L.P. Mesa II is a mineral and royalty acquisition company led by Darin Zanovich (President & CEO), Greg Balash (COO & EVP Engineering), Michelle Massaro (EVP Finance) and Josh Wiener (EVP Land). Darin Zanovich, President & CEO of Mesa II, commented, “We are excited to partner with

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Orennia Closes Series A Funding

Investment will enable Orennia to rapidly grow its team, while continuing to support the most sophisticated renewable power investors in the world. CALGARY, AB, May 18, 2021 /PRNewswire/ – Orennia, a technology company focused on the renewable power sector, today announced the closing of their Series A funding. Quantum Energy Partners, Global Reserve Group, NGP Energy Technology Partners III, and Stronghold Resource Partners were all significant investors. The financing will enable Orennia to scale rapidly as it provides highly innovative analytics in the

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