Top 10 Oil & Gas Capital Raises in the U.S. – February 1st – 15th, 2025
Several interesting transactions closed in the Oil & Gas sector over the past two weeks. If you would like more info on these deals or would like to discuss the capital raising market for your company, please contact me.
PIPE
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- Bird River Resources, a company engaged in the acquisition and exploration of resource properties with a primary focus on petroleum and natural gas properties, received CAD 410,955 of development capital through a private placement.
- Mkango Resources, a company engaged in the exploration and development of rare earth elements and associated minerals in the Republic of Malawi, received approximately CAD 4.09 million of development capital through a private placement.
- Phillips 66, an independent refiner with 12 refineries that have a total crude throughput capacity of 1.8 million barrels per day, or mmb/d. In 2023, the Rodeo, California, facility ceased operations and be converted to produce renewable diesel, received $2.5 billion of development capital from Elliott Investment Management through a private placement.
PE Growth/Expansion
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- Renegade Infrastructure, operator of an energy company that provides a full suite of midstream services to oil and gas producers across North America, received development capital from Energy Spectrum Capital and its management.
- VoltaGrid, provider of advanced energy management and generation platform intended to focus on improving power quality and reliability, received development capital from Conconi Growth Partners.
Merger/Acquisition and Corporate
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- Hart Energy, provider of oil and gas industry information through several magazines and newsletters, was acquired by Crain Communications.
- Last Mile Production, provider of oil and gas services focused on revitalizing legacy assets in Texas and Wyoming, was acquired by Southern ITS International.
Buyout/LBO
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- Bold Production Services, manufacturer of oil and gas refining equipment intended to treat and remove impurities from natural gas, oil, and water, was acquired by Apollo Global Management through an LBO.
- Controlled Fluids, distributor of industrial fluid power equipment serving North America-based customers, was acquired by Relevant Solutions, via its financial sponsor LKCM Headwater Investments, through an LBO.
Early Stage VC
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- Clean Loop Group, operator of an oil recycling company intended to transform used motor oil into refined fuel oil through purification processes, raised venture funding from Fahrion Group Investments.
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John Silvestri
Managing Director
Finance, strategy and capital markets executive. Originated structured and executed, as principal, agent and underwriter, over $4 billion of public and private, structured and project finance transactions. Industry expertise includes Energy and Power, Technology/Fintech/Digital, Sponsor, Transportation and Infrastructure, Consumer, Industrials and Agriculture, Banking, and Specialty Finance. Companies ranging from small to large, leveraged, high grade, venture, SPV’s and project finance. Transaction expertise across capital structure includes public and private bonds, equity, structured and direct investments, and unitranche. Leveraged finance includes senior/sub, bridge, acquisition, mezzanine, equity co-investment, and re-capitalizations. Previously, founder of an advisory and a direct investment business, Managing Director and Co-head of Investment Banking at Altamar Capital, and Director and Head of High Yield Capital Markets in New York for Barclays Capital. BS in Management from SUNY Buffalo. MBA from Fordham Gabelli Business School. FINRA Series 7 and 63 licenses.
- Email: jsilvestri@castleplacement.com
- (C) (203) 803-9861
 John SilvestriManaging Director |
Please contact me if you have any questions or would like to discuss your capital raise:
Email: jsilvestri@castleplacement.com
(C) (203) 803-9861
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Sources: Information on this page was derived from a variety of sources including Bloomberg, Company Websites, Crunchbase, PitchBook and other news outlets. Castle Placement™ does not warrant or guarantee this information, nor makes any representations as to the accuracy of the information. For more Risks, see CPGO Risks and Disclaimers.
