Providence Energy and Oaktree completed the formation of Sierra Energy in a $500m deal.

Providence Energy, a privately held energy investment and management company, and Oaktree, an investment firm, completed the formation of Sierra Energy, a mineral and royalty acquisitions company, in a $500m deal. “Providence has always been a company with a family atmosphere, committed to treating our staff and our business partners with respect and honesty. For these reasons Providence enjoys an excellent reputation throughout the energy industry, which has supported our efforts to create a sustainable company through responsible energy development, whether that be in minerals, direct working interest investment or renewable energy,” Mike Allen, Providence Energy President.