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NGP Energy Capital

Company Summary

Description

Founded in 1988, NGP has a family of private equity investment funds with approximately $17 billion of cumulative equity commitments organized to make direct equity investments in the energy sector. NGP invests where there is a clear match between a management team’s growth strategy and NGP’s unique sponsorship capabilities. NGP understands the dynamics of investing in a commodity business and works to support its portfolio companies as their growth strategy is executed. The strength of the firm lies in establishing relationships with “owner-managers” who see the mutual advantage of having an active sponsor, and then financing that management team. NGP’s investments range from $10-$500 million.

Website

http://ngpenergycapital.com/about-ngp/

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Company Transactions

Date: 8/9/2022
Type: Acquisition

BUYERS:
  • APA Corporation
    • SELLERS:
  • NGP Energy Capital
  • Titus Oil & Gas Production, LLC
    • DETAILS:

    COST: 550 $MM

    NOTES:
    APA has purchased West Texas properties for $505 million, with Reuters reporting that the deal was for the assets owned by Titus Oil & Gas. That private company is backed by NGP Energy Capital.
    REGIONS:
  • Permian Basin

    • Date: 6/28/2022
    Type: Acquisition

    BUYERS:
  • Earthstone Energy, Inc.
    • SELLERS:
  • Titus Oil & Gas Production II, LLC
  • Titus Oil & Gas Production, LLC
  • NGP Energy Capital
    • DETAILS:

    COST: 627 $MM

    VOLUMES: 31.8 MBOE/d

    ACRES: 7900 Acres

    NOTES:
    Earthstone Energy has signed a deal with Titus Oil & Gas to acquire the firm's New Mexico assets in the Northern Delaware Basin for $627 million. Titus is owned by NGP Energy Capital Management, and the deal includes $575 million in cash and 3.9MM shares of Earthstone Class A common stock. Closing is targeted for 3Q22.
    REGIONS:
  • Permian Basin
  • Delaware Basin

    • Date: 8/15/2016
    Type: Acquisition

    BUYERS:
  • Silver Run Acquisition Corp
    • SELLERS:
  • Centennial Resource Production, LLC
  • NGP Energy Capital
    • DETAILS:
    NOTES:
    Acquiring an 89% stake in Centennial
    REGIONS:
  • Delaware Basin