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Colgate Energy Partners III, LLC

Company Summary

Description

Colgate Energy is a Midland, Texas-based exploration and production company focused on acquiring and developing oil properties in the Permian Basin. 

Colgate was founded in 2015 by Will Hickey and James Walter with initial equity commitments from Pearl Energy Investments and NGP. The company has since assembled a multi-disciplined team of over 35 professionals with an extensive history and understanding of operating in the Permian Basin.  

Website

https://www.colgateenergy.com/

Operational Regions

  • Permian Basin

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Recent news

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Company Transactions

Date: 2/15/2022
Type: Acquisition

BUYERS:
  • Colgate Energy Partners III, LLC
    • DETAILS:

    COST: 190 $MM

    VOLUMES: 0.75 MBOE/d

    ACRES: 22000 Acres

    NOTES:
    Colgate Energy Partners has entered into a deal with an undisclosed seller to acquire 22,000 net acres in Eddy & Lea Counties, New Mexico. The acreage includes 750 boe/d in current production and adds >200 drilling locations to Colgate's existing inventory. Pro-forma the deal, Colgate's holdings expand to 108,000 net acres and 62 Mboe/d in production, with five rigs deployed.
    REGIONS:
  • Permian Basin

    • Date: 9/30/2021
    Type: Acquisition

    BUYERS:
  • Colgate Energy Partners III, LLC
    • SELLERS:
  • Occidental Petroleum Corporation
    • DETAILS:

    COST: 508 $MM

    VOLUMES: 10 MBOE/d

    ACRES: 25000 Acres

    NOTES:
    Occidental Petroleum has agreed to sell non-core assets in the Southern Delaware Basin for $508 million to Colgate Energy Partners III, LLC. The deal included 25,000 net acres and 10 Mboe/d on production from 360 active wells.
    REGIONS:
  • Delaware Basin