Category: News

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

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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

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NGP Portfolio Company Oilfield Water Logistics and Boyd & McWilliams Execute Water Gathering and Disposal Agreement

by: Business Wire Dallas, Texas, November 21, 2017 /Business Wire/ — Oilfield Water Logistics (“OWL”) and privately-held Midland Basin operator Boyd & McWilliams have executed a long-term produced water gathering and disposal agreement. The mutually beneficial arrangement allows Boyd & McWilliams to direct more capital and operating attention to developing its oil and gas assets and dedicates its unique acreage position in Winkler County to OWL to expand permanent water handling infrastructure in the region. “On behalf of the OWL

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Tudor Pickering CFO Optimistic About More Diversity in Energy

by: Houston Business Journal Houston, Texas, November 20, 2017 — One of the top executives of Houston-based energy investment bank Tudor, Pickering, Holt and Co. said she thinks there could be real improvement in energy industry gender diversity within the next five years. One sign is that interest in conferences for women in energy has been increasing, CFO and Partner Alie Pruner said. Another is that women have taken more seats on the boards of public energy companies, she said. “I

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NGP Portfolio Company Tecolote Claims Anadarko Basin Records with Longest Lateral, Highest Output

by: NGI’s Shale Daily October 10, 2017 — NGP portfolio company Tecolote Energy LLC on Monday said it achieved two milestones with one well drilled into the Anadarko Basin in the Texas Panhandle, with the longest horizontal lateral ever and the highest production rate recorded. To date, the Tulsa-based private has drilled two extended laterals in the Texas Panhandle, with more planned, said CEO Maurice Storm. “We are preparing to complete four additional extended laterals, two of which are in excess

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NGP Announces the Hiring of James Wallis as Partner

Press Release Irving, Texas, September 5, 2017 — NGP, a leading private equity firm in the energy and natural resources industry, today announced that James Wallis will join the firm as a Partner in its Houston office effective immediately. Mr. Wallis was previously a Managing Director with Lime Rock Partners in its Houston office. He joined the firm in 2007 and was primarily focused on sourcing, evaluating and investing in North American E&P and oilfield service opportunities. Prior to joining Lime

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