Private equity NGP Energy Capital, with investments across the energy spectrum, has agreed to provide Luxe Energy LLC with another $525 million to acquire and develop unconventional oil and gas property across the United States.
Luxe
Articles from Luxe
Briefs — Luxe Energy, Chesapeake Royalties Settlement
Austin, TX-based Luxe Energy LLC has been identified as the seller in a $560 million deal with Diamondback Energy Inc. for assets in the Permian Basin’s Delaware sub-basin (see Shale Daily,July 13). Luxe, formed in 2015 by Natural Gas Partners’ NGP Natural Resources XI LP, acquired the Delaware properties in early 2016 (see Shale Daily,Jan. 22;May 14, 2015). Luxe CEO A. Lance Langford said the company planned to work with NGP to “identify, evaluate and execute on additional acquisition opportunities.” The Diamondback transaction is expected to be completed in September.
July 14, 2016
Luxe Energy Enters Delaware Basin Through Two Deals
Recently formed Austin, TX-based Luxe Energy LLC has acquired undeveloped acreage and producing oil/gas properties in Reeves and Ward Counties, TX, from Endeavor Energy Resources LP and Finley Resources Inc. in separate deals. The acquisitions are Luxe’s first in the Delaware.
January 22, 2016
Statoil Alums’ Startup Targeting West Texas Oil Plays
Recent startup unconventional player Luxe Energy LLC is going after oil because that’s where the money is, CEO Lance Langford told NGI’s Shale Daily.
May 14, 2015
Statoil Alums’ Startup Targeting West Texas Oil Plays
Recent startup unconventional player Luxe Energy LLC is going after oil because that's where the money is, CEO Lance Langford told NGI's Shale Daily.
May 14, 2015
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