Calgary-based oil and gas startup Wild Wind Petroleum has launched with C$123 million in funding. The investors are Pearl Energy Investments LP and Natural Gas Partners.
CALGARY, AB–(Marketwired – October 06, 2015) – The management team of David Beckwermert, Bill Pollock, Bill Kanters, and Twyla Paget-Turcotte today announced the startup of Wild Wind Petroleum Inc. (“Wild Wind” or the “Company”) and the closing of an equity financing commitment with Pearl Energy Investments, L.P. (“Pearl”) and Natural Gas Partners, through its affiliate, NGP Natural Resources XI, L.P. (“NGP”) of $123 million.
The Company will be led by David Beckwermert as Executive Chairman, Bill Pollock as President and CEO, Bill Kanters as CFO, and Twyla Paget-Turcotte as VP Accounting and Controller.
The Board of Directors will initially be comprised of Messrs. Beckwermert and Pollock as well as Billy Quinn (Managing Partner of Pearl), Chris Aulds (Partner of Pearl), Brian Minnehan (Senior Managing Director of NGP), and Michael Voss (Vice President of NGP).
Wild Wind is focused on the acquisition of oil and gas assets in various regions of Western Canada for the purpose of development and exploitation.
David Beckwermert, executive Chairman of Wild Wind, commented, “The current commodity price environment has presented opportunities to create value with a well-financed and experienced team.”
Brian Minnehan, Managing Director of NGP, added, “We are thrilled to have the opportunity to partner with the entire team at Wild Wind. We look forward to working with them, and with their strong track record of creating value at prior NGP portfolio companies, we have tremendous confidence in their ability to create value for all of their stakeholders.”
About Natural Gas Partners
Founded in 1988, Natural Gas Partners is a family of private equity investment funds, with approximately $17 billion of cumulative equity commitments, organized to make investments in the natural resources sector. NGP is part of the investment platform of NGP Energy Capital Management, a premier investment franchise in the Natural Resources industry. In addition to NGP, NGP Energy Capital Management’s investment platform includes NGP Global Agribusiness Partners and NGP Energy Technology Partners. For more information, please see www.naturalgaspartners.com.
About Pearl Energy Investments
Pearl Energy Investments is an energy private equity firm based in Dallas, Texas, founded in 2015 by Billy Quinn, a former Co-Managing Partner of Natural Gas Partners, and Chris Aulds, the former Co-CEO of TEAK Midstream. Pearl Energy Investments is focused on partnering with best-in-class management teams to invest in small to mid-cap North American upstream, midstream, and oilfield services sectors. For more information, please see www.pearl-energy.com.
About Wild Wind Petroleum
Wild Wind Petroleum Inc. is a western Canada focused oil and gas exploration and development company that is currently seeking growth opportunities. For more information, please see www.wildwindpetroleum.com.