Top 10 Oil & Gas Capital Raises in the U.S. – October 1st-15th, 2024
Several interesting transactions closed in the Oil & Gas sector this past 2 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.
PE Growth/Expansion
- Verde Operating Company, operator of oil and gas assets across the Permian Basin, received development capital from Carnelian Energy Capital.
- Ichthys Energy, provider of exploration and production of oil and gas services designed for aggregation and responsible development of operated Permian Basin inventory, received development capital from Post Oak Energy Capital.
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Tiburon Oil & Gas Partners, operator of energy exploration and production company based in Houston, Texas, received development capital from Post Oak Energy Capital.
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Polaris Laboratories, operator of fluid testing and analysis company, received development capital from Riverspan Partners.
Merger/Acquisition and Corporate
- Crew Energy, an oil and gas exploration, development, and production company based in Calgary, Alberta, Canada, was acquired by Tourmaline Oil for CAD 1.06 billion.
- Tellurian, a U.S-based independent oil and gas exploration and production company, was acquired by Woodside Energy for $1.2 billion.
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Sage Energy Partners, provider of energy brokerage services, was acquired by BGC Group.
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Robison Energy, supplier of natural gas and electricity catering to homes across the New York Metropolitan area, was acquired by Catalyst Power through an LBO.
Early Stage VC
- ZENRG Industrial Services, provider of emission reduction services, raised $6.46 million through a combination of Series A-1, Series A-2 and Series A-3 venture funding, putting the company’s pre-money valuation at $7.04 million.
PIPE
- Logan Energy, a growth-oriented exploration, development and production company, received an estimated CAD 50 million of development capital through a private placement.
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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
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.
