Announced
Completed
Financials
Tags
Friendly
natural resources
Majority
energy
Domestic
oil and gas
Single Bidder
Completed
Private Equity
Acquisition
United States
Integrated Oil and Gas
Private
Synopsis
Post Oak Energy Capital, a private equity firm, completed the investment in UpCurve II, a company which is engaged in the acquisition and development of oil and gas properties across the Permian Basin. Financial terms were not disclosed. "We are excited to once again partner with the Post Oak team. We believe that patient, long-term capital in combination with prudent and environmentally responsible development will yield attractive investment returns, particularly in the current macro environment. Our data analytics capabilities, in combination with subsurface, operational and transactional experience, will allow us to continue to acquire and develop producing assets at the lowest breakeven cost. The Permian Basin remains the premier oil play in the world and has a bright future. UpCurve looks forward to being a part of it,” Zach Fenton, UpCurve President.
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