NGP adds MD to team

Natural Gas Partners has hired Patrick McWilliams as a managing director at its Houston office. The appointment is effective immediately. Prior to joining NGP, McWilliams worked at JPMorgan Chase where he served as a managing director.


New private equity firm Edge Natural Resources launches

Dallas-based Edge Natural Resources LLC, a new private equity firm in Dallas that will focus on making small-cap investments in the North American sector, has opened its doors. Roy Aneed, former managing director at Natural Gas Partners and Jesse Bomer, former general counsel at NGP, are among those leading the team at Edge.


Natural Gas Partners commits $400 mln to Prairie Storm Energy

Natural Gas Partners has committed $400 million in equity financing to the formation of Prairie Storm Energy Corp., which is focused on acquiring, developing and exploiting oil and gas assets in select regions of Western Canada. Hugh Ross is President & CEO of Prairie, Ketan Panchmatia is VP Finance & CFO, Greg Groten is VP Exploration, while Rob Morrison is VP Operations and Julian Din is VP Business Development, a statement said.


NGP invests in Crossing Rocks

Crossing Rocks Energy Partners, a newly formed company focused on acquiring, developing and monetizing North American oil and gas related assets primarily in the mid-continent, East Texas and Permian basins, has received an undisclosed investment from Natural Gas Partners. No financial terms were disclosed.


NGP-backed Bravo agrees to $250 mln investment in Canaan Natural Gas PE Funds

Bravo Natural Resources, backed by Natural Gas Partners, has agreed to buy producing and gathering assets from Oklahoma City-based Canaan Natural Gas PE Funds for $250 million in cash. Closing is expected in the fourth quarter. The deal includes 950 operated and non-operated wells producing from various sites in the Arkoma Basin of southeast Oklahoma.


Natural Gas Partners invests in Oilfield Water Logistics

NGP Natural Resources X and NGP Energy Technology Partners II have invested in Oilfield Water Logistics, a new company formed to acquire, develop and manage water-related and other oilfield fluids infrastructure and services. In May, Oilfield Water Logistics bought a portfolio of saltwater disposal wells and entered into surface use agreements in New Mexico to serve oil and gas producers in the Permian Basin.


NGP-backed Catapult invests in Cretic

Catapult Energy Services Group, which is backed by NGP, has made an undisclosed investment in Cretic Energy Services. Headquartered in Montgomery Texas, Cretic is a provider of tubing services to oil and gas producers throughout Texas, Louisiana, Mississippi, Oklahoma and New Mexico.


PE-backed Parsley Energy launches IPO

Parsley Energy has debuted its IPO after pricing its 50 million shares at $18.50 per share. The stock began trading Friday on the NYSE under the ticker symbol “PE.” Credit Suisse Securities (USA) and Goldman Sachs are the lead underwriters. Based in Midland, Texas, Parsley Energy, which is backed by Natural Gas Partners, is an oil and gas company.

Atlantic Energy Holdings Appoints to Exec Management Team

Atlantic Energy Holdings has appointed Rob Jacobs and Don Gann to the executive management team of Atlantic. Atlantic also announced that Natural Gas Partners, through its recently closed fund, NGP Natural Resources X, L.P., has increased its commitment of equity capital to Atlantic to $250 million.

Northstar Launches Gulf of Mexico Startup

Northstar said Wednesday that it has created and capitalized a new company called Northstar Offshore Group. Also, effective Feb. 1, Northstar has entered into letters of intent to buy producing assets in the Gulf of Mexico shelf and begin drilling. Northstar did not disclose the seller. Houston-based Northstar is an oil and gas production company […]

Weinzierl Appointed Venture Partner at Natural Gas Partners

John Weinzierl was named a venture partner at Natural Gas Partners. Weinzierl is CEO of Memorial Resource Development as well as CEO and Chairman of the board for the GP of Memorial Production Partners. Previously, he spent 12 years at NGP Energy Capital Management, most recently as MDand Operating Partner of its Natural Gas Partners funds. […]

Northstar Offshore Sells Assets to Investor Group for $201 Mln

Northstar Offshore Energy Partners said Thursday that it has sold most of its asset holdings to ANKOR E&P Holdings Corp., STX Energy E&P Offshore Management and SCL Resources for $201 million. The deal was effective Oct. 1. The assets sold have a current output of 4,700 barrels per day and reserves of 10.8 million barrels. Northstar Offshore is backed by Natural Gas Partners.

NGP Sells CRC-Evans for $445 Million

Natural Gas Partners has sold CRC-Evans International to Stanley Black & Decker (NYSE: SWK) for $445 million in cash. Houston-based CRC-Evans provides tools, equipment and services for the construction of oil and natural gas transmission.

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