Category: News

Thu, May 13, 2021, 3:00 AM SAN FRANCISCO, CA / ACCESSWIRE / May 13, 2021 / Voltus, Inc. today announces the closing of a $31 million Series C financing. The round was led by Activate Capital and included existing investors NGP Energy Technology Partners III, Prelude Ventures, and Ajax Strategies, bringing Voltus’s total equity financing to date to over $65 million. Raj Atluru, Co-founder and Managing Director at Activate Capital joins Voltus’s Board of Directors alongside fellow investors Philip Deutch, Veery

Bird Rides Inc., the Santa Monica-based electric scooter company that tabled aggressive expansion plans during the pandemic, said May 12 it will become a publicly traded company through a merger with a Dallas-based blank check company run by oil and gas executives looking for a clean energy combination. The combination would value the scooter company at $2.3 billion with Bird listing on the New York Stock Exchange. The company will be renamed Bird Global once the deal closes in the

The carbon accounting and management platform Persefoni now has $9.7 million more in funding to support its international expansion, product development, and recruitment efforts. The round, led by Rice Investment Group with participation from NGP ETP, the electricity, renewable and sustainability-focused investment arm of the oil and gas and power focused investment fund NGP, comes only about six months after the startup’s initial launch in August. Founded only last January, Persefoni touts its tools to assemble, calculate, manage, and report organizational carbon footprints.

Voltus, Inc., the leading distributed energy resources (DER) platform, today announced it has raised $25 million in a Series B financing. The round was led by NGP Energy Technology Partners III (“NGP ETP III”) and included existing investors Prelude Ventures and Ajax Strategies. The funding will be used to create more jobs, develop additional products, and enter new markets, allowing Voltus to increase its leadership position delivering cash to commercial and industrial customers via innovative DER solutions. Since its founding

DALLAS–(BUSINESS WIRE)–AVAD Energy Partners II, LLC (“AVAD II”), a newly formed oil and natural gas production company, announced today the closing of equity commitments from investment funds managed by Pearl Energy Investments (“Pearl”) and NGP Energy Capital Management (“NGP”). AVAD II will pursue an acquire and exploit strategy focused on creating value through operational excellence with an agnostic view to commodity type or basin. “Pearl is excited to partner again with this team given their strong historical track record, technical

HOUSTON–(BUSINESS WIRE)–Covenant Testing Technologies, LLC (“Covenant”) announced today that it has combined with Stuart Pressure Control (“Stuart”) to form the premier provider of Well Flow & Sand Management and Pressure Control Solutions in the Permian, DJ, Eagle Ford and Haynesville. The transaction is a debt-free, equity-for-equity combination whereby Catapult Energy Services Group, LLC, an NGP and NGP Energy Technology Partners portfolio company, and affiliates of White Deer Energy will partner together under common equity ownership in Covenant. Covenant now represents

DALLAS–(BUSINESS WIRE)–NGP Energy Capital Management (“NGP”) is pleased to announce an investment in NGP Energy Technology Partners III, L.P. (“NGP ETP3”) through an equity commitment from NGP Natural Resources XII, L.P. NGP ETP3 will pursue opportunities arising from technology’s dramatic transformation of global energy markets. NGP ETP3 will target investments between $20-30 million of growth capital in companies with products, services or technologies serving the renewable energy, power, energy storage, energy efficiency, environmental, and transportation sectors. Philip Deutch will lead the investment

HOUSTON–(BUSINESS WIRE)–Jan 29, 2020– Eagle Mountain Energy Partners, LLC (“EMEP”), a newly formed upstream oil and gas exploration and production company, announced today its partnership with Pearl Energy Investments (“Pearl”) and NGP through NGP Natural Resources XII, L.P., the most recent NGP private equity fund focused on natural resources. Headquartered in Houston, EMEP will pursue acquisition and development opportunities focused primarily in the Williston Basin and other select Rockies basins. EMEP was founded by Eric Pregler, Chief Executive Officer; Shaleen

Expected to be immediately accretive to distributable cash flow per unit, includes core position in the Delaware Basin, expected to increase daily production by 19% to 15,790 Boe/d[1] and to generate estimated cash G&A savings of 18% per Boe FORT WORTH, Texas, Jan. 9, 2020 /PRNewswire/ — Kimbell Royalty Partners, LP (NYSE: KRP) (“Kimbell” or the “Company”), a leading owner of oil and gas mineral and royalty interests in approximately 13 million gross acres in 28 states, today announced that

DENVER–(BUSINESS WIRE)–Outrigger Energy II LLC (“Outrigger”) announced today that it has entered into a long-term definitive gas gathering and processing agreement with XTO Energy, Inc. (“XTO”) to service XTO’s production in Williams County, ND. The gathering system will comprise a 70-mile, 20- and 24-inch diameter, rich gas pipeline originating in eastern Williams County and terminating at a new 250 MMcfd cryogenic gas processing plant located west of Williston, ND. Plans are also underway for a plant expansion of up to