Post Oak Energy Capital Provides Equity Commitment to Tiburon
Post Oak Energy Capital has announced an equity commitment to Tiburon Oil & Gas Partners, alongside commitments from management and additional investors. Tiburon has completed an initial leasehold acquisition in the liquids-rich portion of the Utica Shale play in Ohio and received its first Unitization Permit for development.
Tiburon's leadership team, including Scott Hudson (President and CEO), played a key role in growth at Carrizo Oil & Gas (NYSE: CRZO). The company aims to efficiently drill and develop its leasehold while expanding its position.
Henry May, Post Oak Director, expressed enthusiasm for partnering with Tiburon, noting the Utica's developmental renaissance and the potential for attractive returns. The collaboration aims to responsibly develop assets providing long-term energy supply and investor returns.
Post Oak Energy Capital ha annunciato un impegno di capitale per Tiburon Oil & Gas Partners, insieme agli impegni della direzione e di ulteriori investitori. Tiburon ha completato un iniziale acquisto di diritti di locazione nella parte ricca di liquidi dello shale di Utica in Ohio e ha ricevuto il suo primo Permesso di Unità per lo sviluppo.
Il team di leadership di Tiburon, incluso Scott Hudson (Presidente e CEO), ha avuto un ruolo fondamentale nella crescita di Carrizo Oil & Gas (NYSE: CRZO). L'azienda si propone di trivellare e sviluppare in modo efficiente i propri diritti di locazione, mentre espande la propria posizione.
Henry May, Direttore di Post Oak, ha espresso entusiasmo per la partnership con Tiburon, evidenziando il rinascimento dello sviluppo dell'Utica e il potenziale per rendimenti interessanti. La collaborazione mira a sviluppare responsabilmente le risorse, fornendo un approvvigionamento energetico a lungo termine e ritorni per gli investitori.
Post Oak Energy Capital ha anunciado un compromiso de capital para Tiburon Oil & Gas Partners, junto con los compromisos de la dirección y otros inversores. Tiburon ha completado una adquisición inicial de derechos de arrendamiento en la zona rica en líquidos de la formación Utica en Ohio y ha recibido su primer Permiso de Unificación para el desarrollo.
El equipo directivo de Tiburon, que incluye a Scott Hudson (Presidente y CEO), desempeñó un papel clave en el crecimiento de Carrizo Oil & Gas (NYSE: CRZO). La empresa tiene como objetivo perforar y desarrollar sus derechos de arrendamiento de manera eficiente, mientras expande su posición.
Henry May, Director de Post Oak, expresó entusiasmo por la asociación con Tiburon, destacando el renacimiento del desarrollo de Utica y el potencial para rendimientos atractivos. La colaboración tiene como objetivo desarrollar recursos de manera responsable, proporcionando un suministro energético a largo plazo y retornos para los inversores.
포스트 오크 에너지 캐피털이 Tiburon Oil & Gas Partners에 대한 자본 공약을 발표했으며, 여기에는 경영진과 추가 투자자들의 공약도 포함됩니다. Tiburon은 오하이오의 우티카 셰일 유전의 액체가 풍부한 부분에서 초기 임대권 인수를 완료했으며 개발을 위한 첫 번째 유닛화 허가를 받았습니다.
Tiburon의 리더십 팀은 Scott Hudson (사장 겸 CEO)을 포함하여 Carrizo Oil & Gas (NYSE: CRZO)에서의 성장에 중요한 역할을 했습니다. 이 회사는 효율적으로 임대권을 시추하고 개발하는 동시에 입지를 확장하는 것을 목표로 하고 있습니다.
Henry May, 포스트 오크 이사는 Tiburon과 협력하게 되어 기쁘다고 밝혔으며, 우티카의 개발 재창조와 매력적인 수익 가능성을 주목했습니다. 이 협력의 목표는 책임 있게 자원을 개발하여 장기적인 에너지 공급과 투자자 수익을 제공하는 것입니다.
Post Oak Energy Capital a annoncé un engagement en capital pour Tiburon Oil & Gas Partners, ainsi que des engagements de la direction et d'investisseurs supplémentaires. Tiburon a terminé une acquisition de baux initiale dans la zone riche en liquides de la formation Utica dans l'Ohio et a reçu son premier permis d'unitisation pour le développement.
L'équipe dirigeante de Tiburon, y compris Scott Hudson (Président et CEO), a joué un rôle clé dans la croissance de Carrizo Oil & Gas (NYSE: CRZO). L'entreprise vise à forer et développer efficacement ses baux tout en élargissant sa position.
Henry May, Directeur de Post Oak, a exprimé son enthousiasme à l'idée de s'associer à Tiburon, notant le renouveau du développement de l'Utica et le potentiel de rendements attrayants. La collaboration vise à développer de manière responsable des actifs fournissant une énergie à long terme et des retours pour les investisseurs.
Post Oak Energy Capital hat ein Eigenkapitalengagement für Tiburon Oil & Gas Partners angekündigt, zusammen mit Engagements von der Geschäftsleitung und weiteren Investoren. Tiburon hat eine erste Pachtverhältnis-Akquisition im flüssigkeitsreichen Teil des Utica-Schiefer-Gebiets in Ohio abgeschlossen und die erste Einheitserlaubnis für die Entwicklung erhalten.
Das Führungsteam von Tiburon, einschließlich Scott Hudson (Präsident und CEO), spielte eine entscheidende Rolle beim Wachstum von Carrizo Oil & Gas (NYSE: CRZO). Das Unternehmen hat sich zum Ziel gesetzt, seine Pachtverhältnisse effizient zu bohren und zu entwickeln, während es seine Position ausbaut.
Henry May, Direktor von Post Oak, äußerte seine Begeisterung für die Partnerschaft mit Tiburon und hob die Entwicklungsrenaissance der Utica hervor sowie das Potenzial für attraktive Renditen. Die Zusammenarbeit hat das Ziel, Ressourcen verantwortungsbewusst zu entwickeln, um eine langfristige Energieversorgung und Renditen für die Investoren zu bieten.
- Secured equity commitment from Post Oak Energy Capital
- Completed initial leasehold acquisition in the liquids-rich Utica Shale play
- Received first Unitization Permit for development
- Experienced leadership team with successful track record in Appalachia
- Focus on efficient drilling and development of leasehold
- None.
Insights
Post Oak Energy Capital's equity commitment to Tiburon Oil & Gas Partners marks a significant development in the Utica Shale play. This investment, coupled with Tiburon's initial leasehold acquisition, positions the company for strategic growth in a resurging liquids-rich region.
Key points to consider:
- Tiburon's experienced leadership team, with a proven track record from Carrizo Oil & Gas, brings valuable expertise to the venture.
- The focus on the liquids-rich portion of the Utica Shale could yield higher returns compared to dry gas areas.
- The initial Unitization Permit signals readiness for development, potentially leading to near-term production and cash flow.
- This partnership aligns with the trend of private equity backing experienced management teams in promising shale plays.
For investors, this move represents a calculated bet on the Utica's resurgence. The combination of seasoned management, strategic acreage and financial backing could translate to significant value creation if executed effectively. However, success will depend on operational efficiency, commodity prices and the team's ability to navigate regulatory and environmental challenges in the region.
The Utica Shale's "developmental renaissance" mentioned in the article is a important point for investors to note. This resurgence is likely driven by:
- Improved drilling and completion technologies enhancing well productivity
- A focus on liquids-rich areas, which typically command better pricing than dry gas
- Potential infrastructure improvements in the region, reducing bottlenecks
Tiburon's strategy of efficient drilling and continued acreage growth could capitalize on these favorable trends. The company's "lease and drill" approach suggests a disciplined expansion, which could mitigate risks associated with over-leveraging.
For the broader market, this investment signals continued interest in U.S. shale plays, despite volatility in energy prices. It underscores the long-term value proposition of domestic oil and gas resources, particularly in areas with mixed hydrocarbon streams. Investors should monitor Tiburon's progress as a potential indicator of the Utica's overall competitiveness in the North American energy landscape.
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"Our well-defined lease and drill strategy, paired with a strong management and execution team, positions us to effectively access the region's resources while making a positive contribution to the local economy. We look forward to partnering with the Post Oak team to execute on our growth plans,” said Scott H. Hudson, President and Chief Executive Officer of Tiburon Oil & Gas Partners. “With a solid foundation already established in the region, our focus will be on efficiently drilling and developing our leasehold, while continuing to grow our position.”
“The Tiburon team has organically generated an attractive position in the
About Post Oak Energy Capital, L.P.
Post Oak, which was established in 2006, is a
Tiburon Oil & Gas Partners, LLC
View source version on businesswire.com: https://www.businesswire.com/news/home/20241015191554/en/
Media
Kelly Kimberly, FGS Global
713.822.7538
Kelly.kimberly@fgsglobal.com
Source: Post Oak Energy Capital, L.P.
FAQ
What is Tiburon Oil & Gas Partners' initial acquisition in the Utica Shale play?
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