Top Oil & Gas Capital Raises in the U.S. – April 1st to 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
- Eros Resources, engaged in the acquisition, exploration, and development of mineral resource properties in North America, received CAD 2.08 million of development capital from investors on April 4, 2025, through a private placement.
- Phillips 66, an independent refiner that owns or holds interest in 11 refineries with a total crude throughput capacity of 1.8 million barrels per day, or mmb/d, at the end of 2024, received $10 million of development capital from Mr. Gregory Goff on April 9, 2025 through a private placement.
- Southern Energy, an oil and gas exploration and production company, received CAD 7.17 million of development capital from investors on April 8, 2025 through a private placement.
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Merger/Acquisition
- Winchester Oil and Gas, operator of oil and gas wells based in Katy, Texas, was acquired by Olenox Energy, a subsidiary of Safe & Green Holdings, on April 8, 2025
- Greenwell Engineering, manufacturer of oil field equipment based in Weatherford, Texas, was acquired by Vertice Oil Tools on April 15, 2025.
- CNOOC Holdings U.S.A., operator of an upstream oil and gas business in the Gulf of Mexico, was acquired by INEOS Group on April 2, 2025.
- EPIC Y-Grade Pipeline, operator of an oil and gas pipeline company intended to offer various pipelines and distribution systems to refiners, petrochemical companies and export markets, was acquired by Phillips 66 for $2.2 billion on April 2, 2025.
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Seed Round
- PrePad, developer of an energy management software application designed to optimize the upstream value chain of energy-producing assets, raised $2.8 million of seed funding in a deal led by Devon Energy on April 10, 2025 in a combination of equity and grant.
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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.
