Irving, Texas-based NGP Energy Capital Management said Thursday that it has promoted Tony R. Weber to managing partner and chief operating officer effective immediately. In his new position, Weber will oversee the firm’s daily activities as well as focus on investment portfolio construction and monitoring. Prior to joining NGP, Weber worked at Merit Energy Company where he served as a chief financial officer.
IRVING, Texas–(BUSINESS WIRE)–NGP Energy Capital Management, a leading private equity firm in the natural resources industry, is pleased to announce that Tony R. Weber has been promoted to Managing Partner and Chief Operating Officer effective immediately. In this role, Mr. Weber will oversee all day to day activities of the firm. In addition, he will focus on investment portfolio construction and monitoring, as well as assist in formulating the strategic initiatives of the firm.
Mr. Weber joined the firm in 2004 concentrating his efforts on sourcing, structuring and executing investments as well as assisting with capital markets transactions having served as Chief Investment Coordinator since 2010. His deep industry relationships and experience are vital resources to the firm. Prior to joining NGP, Mr. Weber was CFO of Merit Energy Company and SVP of Union Bank of California’s Energy Division in Dallas. He received a B.B.A. in Finance from Texas A&M University where he is a member of the Dean’s Council and a founding member of the Mays School of Business Fellows Program.
Ken Hersh, Chief Executive Officer and Managing Partner, explained, “As NGP continues to grow, we are excited about this opportunity to continue to recognize the quality of our team. Tony has been a great member of the NGP family and is an important part of the fabric of the firm. His judgment within the firm and decades of experience in the natural resources industry bring immeasurable value. Tony’s leadership and expertise have directly contributed to our position as a premier equity sponsor in the natural resources industry, and we are proud to recognize his efforts.”
About NGP Energy Capital Management
Founded in 1988, NGP Energy Capital Management (NGP ECM) is a premier investment franchise in the natural resources industry, which together with its affiliates has managed approximately $13 billion in cumulative committed capital since inception. NGP ECM’s investment platform includes Natural Gas Partners, NGP Global Adaptation Partners, NGP Capital Resources Company (NASDAQ: “NGPC”) and NGP Energy Technology Partners, L.P.