Private equity (PE) firm Kimmeridge Energy Management Co. LLC said Wednesday it has closed its fifth upstream-focused fund after raising $800 million.
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Calgary-based private equity Waterous Energy Fund LP has closed its debut fund and raised C$1.4 billion ($1 billion) in committed capital, exceeding an original target of C$1 billion.
The devastation from Hurricane Harvey will be difficult to overcome, but the energy industry is making an effort to ease the pain by donating money and time to relief efforts along the Gulf Coast.
Newly formed Sabinal Energy LLC has received a $300 million equity commitment from Kayne Private Energy Income Fund LP to prowl for oil and natural gas properties primarily in the Rockies, Midcontinent and Texas.
Ridgewood Energy Corp., which has put together funding for deepwater Gulf of Mexico (GOM) projects for the last couple of years, on Tuesday said it had completed a private equity fund for $1.9 billion, more than it raised early last year when commodity prices were higher.
One of the first families of Big Oil — that of Standard Oil Co. Inc. co-founder John D. Rockefeller — on Monday said its philanthropic fund was swearing off fossil fuels.
Powhatan Energy Fund LLC, a private hedge fund based in Virginia, has launched a website defending itself against allegations leveled by FERC that it manipulated energy markets through a contract trader in 2010.
With solid second quarter results in the books, Encana Corp. is taking a look at its entire North American portfolio and has begun putting a “new emphasis on our portfolio of emerging liquids plays,” CEO Doug Suttles told investors on Wednesday.