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Grenadier Energy Partners II, LLC

Company Summary

Description

Grenadier Energy Partners II is managed by the former Stroud Energy and Grenadier Energy Partners management team. Stroud Energy, a successful Fund IV investment, was sold to Range Resources in 2006 and Grenadier Energy Partners, a successful Fund VII investment, was sold in 2012. Grenadier’s management team is pursuing a strategy similar to that which successfully created value in the past.

Website

http://grenadierenergy.com/

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Company Transactions

Date: 4/5/2021
Type: Acquisition

BUYERS:
  • Surge Energy US Holdings Company
  • Shandong Xinchao Energy Co., Ltd
    • SELLERS:
  • Grenadier Energy Partners II, LLC
    • DETAILS:

    COST: 420 $MM

    VOLUMES: 9 MBOE/d

    ACRES: 18010 Acres

    NOTES:
    Surge Energy has closed on the acquisition of leasehold interest and producing wells in the Midland Basin from Grenadier Energy Partners II LLC for $420 million. The assets are focused around Howard County, Texas.
    REGIONS:
  • Midland Basin