Point Energy Partners II Completes $1.1 Billion Sale to Vital Energy
Point Energy Partners II has completed its $1.1 billion all-cash sale of assets to Vital Energy (NYSE: VTLE) and Northern Oil and Gas (NYSE: NOG). The company, backed by Vortus Investments Advisors, has achieved remarkable growth, increasing production from 300 net boepd to over 40,000 net boepd in six years. Point Energy's success is attributed to innovative practices, including the implementation of 15,000-foot laterals and advanced completion designs in the Delaware Basin.
The company has set industry standards by developing 1st Bone Spring and Wolfcamp C targets, while also building complementary midstream and mineral assets. CEO Bryan Moody and Senior Partner John Sabia credited their team's dedication and the support of financial partners for navigating commodity price cycles and achieving a positive exit. Vortus Co-Founders praised the leadership's military background as a key factor in building a scalable operation.
Point Energy Partners II ha completato la sua vendita totale in contante di 1,1 miliardi di dollari di beni a Vital Energy (NYSE: VTLE) e Northern Oil and Gas (NYSE: NOG). L'azienda, sostenuta da Vortus Investments Advisors, ha ottenuto una crescita straordinaria, aumentando la produzione da 300 boepd netti a oltre 40.000 boepd netti in sei anni. Il successo di Point Energy è attribuito a pratiche innovative, tra cui l'implementazione di laterali di 15.000 piedi e design di completamento avanzati nel Delaware Basin.
L'azienda ha fissato standard di settore sviluppando i target Bone Spring e Wolfcamp C, mentre ha anche costruito beni midstream e minerari complementari. Il CEO Bryan Moody e il Partner Senior John Sabia hanno attribuito il successo alla dedizione del loro team e al supporto dei partner finanziari nel navigare i cicli dei prezzi delle materie prime e raggiungere un'uscita positiva. I Co-Fondatori di Vortus hanno lodato il background militare della leadership come un fattore chiave nella costruzione di un'operazione scalabile.
Point Energy Partners II ha completado su venta total en efectivo de 1.1 mil millones de dólares de activos a Vital Energy (NYSE: VTLE) y Northern Oil and Gas (NYSE: NOG). La empresa, respaldada por Vortus Investments Advisors, ha logrado un crecimiento notable, aumentando la producción de 300 boepd netos a más de 40,000 boepd netos en seis años. El éxito de Point Energy se atribuye a prácticas innovadoras, que incluyen la implementación de laterales de 15,000 pies y diseños de finalización avanzados en la cuenca de Delaware.
La empresa ha establecido estándares en la industria al desarrollar los objetivos Bone Spring y Wolfcamp C, mientras que también ha construido activos complementarios de mediación y minerales. El CEO Bryan Moody y el Socio Senior John Sabia reconocieron la dedicación de su equipo y el apoyo de sus socios financieros para navegar los ciclos de precios de las materias primas y lograr una salida positiva. Los cofundadores de Vortus elogiaron el trasfondo militar del liderazgo como un factor clave para construir una operación escalable.
Point Energy Partners II는 11억 달러의 전액 현금 자산 매각을 완료했습니다 Vital Energy (NYSE: VTLE)와 Northern Oil and Gas (NYSE: NOG)에게. Vortus Investments Advisors의 지원을 받은 이 회사는 300 boepd에서 6년 만에 40,000 boepd 이상으로 생산량을 증가시키며 놀라운 성장을 이뤘습니다. Point Energy의 성공은 15,000피트의 측면 파이프라인 구현과 Delaware Basin에서의 고급 완료 디자인을 포함한 혁신적인 관행 덕분입니다.
회사는 1st Bone Spring 및 Wolfcamp C 목표를 개발함으로써 산업 표준을 세우고, 동시에 보완적인 중간 및 광물 자산을 구축했습니다. CEO Bryan Moody와 수석 파트너 John Sabia는 자산 가격 주기를 탐색하고 긍정적인 Exit을 달성할 수 있도록 한 팀의 헌신과 금융 파트너의 지원을 인정했습니다. Vortus 공동 창립자들은 리더십의 군사적 배경이 확장 가능한 운영을 구축하는 데 중요한 요소라고 칭찬했습니다.
Point Energy Partners II a terminé sa vente en espèces de 1,1 milliard de dollars d'actifs à Vital Energy (NYSE: VTLE) et Northern Oil and Gas (NYSE: NOG). L'entreprise, soutenue par Vortus Investments Advisors, a connu une croissance remarquable, augmentant sa production de 300 boepd net à plus de 40 000 boepd net en six ans. Le succès de Point Energy est attribué à des pratiques innovantes, notamment la mise en œuvre de latéraux de 15 000 pieds et des conceptions de complétion avancées dans le Delaware Basin.
L'entreprise a établi des normes industrielles en développant les cibles Bone Spring et Wolfcamp C, tout en construisant également des actifs midstream et minéraux complémentaires. Le PDG Bryan Moody et le partenaire senior John Sabia ont crédité le dévouement de leur équipe et le soutien des partenaires financiers pour naviguer à travers les cycles de prix des matières premières et atteindre une sortie positive. Les co-fondateurs de Vortus ont salué le parcours militaire de la direction comme un facteur clé dans la construction d’une opération évolutive.
Point Energy Partners II hat seinen Verkauf von Vermögenswerten im Wert von 1,1 Milliarden Dollar vollständig in bar abgeschlossen an Vital Energy (NYSE: VTLE) und Northern Oil and Gas (NYSE: NOG). Das Unternehmen, das von Vortus Investments Advisors unterstützt wird, hat ein bemerkenswertes Wachstum erzielt und die Produktion von 300 boepd netto auf über 40.000 boepd netto in sechs Jahren gesteigert. Der Erfolg von Point Energy wird innovativen Praktiken zugeschrieben, einschließlich der Umsetzung von 15.000-Fuß-Lateralen und fortschrittlichen Fertigstellungskonzepten im Delaware Basin.
Das Unternehmen hat Branchenstandards gesetzt, indem es die Ziele Bone Spring und Wolfcamp C entwickelt hat und gleichzeitig ergänzende Midstream- und Mineralienvermögen aufbaut. CEO Bryan Moody und Senior Partner John Sabia gaben dem Engagement ihres Teams und der Unterstützung durch finanzielle PartnerCredit für die Navigation durch die Preisschwankungen von Rohstoffen und die Erzielung eines positiven Ausstiegs. Die Mitbegründer von Vortus lobten den militärischen Hintergrund der Führung als einen Schlüsselfaktor für den Aufbau eines skalierbaren Betriebs.
- Completed $1.1 billion all-cash sale of assets to Vital Energy and Northern Oil and Gas
- Increased production from 300 net boepd to over 40,000 net boepd in six years
- Implemented 15,000-foot laterals and advanced completion designs in the Delaware Basin
- Developed 1st Bone Spring and Wolfcamp C targets, setting industry standards
- Built complementary midstream and mineral assets to enhance capital efficiency
- None.
Point Energy is proud to announce a significant milestone in its operational journey, having increased production from an initial 300 net barrels of oil equivalent per day (boepd) to over 40,000 net boepd over a span of six years. This impressive growth underscores Point Energy’s commitment to innovation and excellence in the oil and gas sector.
"This incredible achievement would not have been possible without our remarkable staff and team members who have all contributed to our success. Their dedication and expertise have been instrumental in driving our growth and innovation,” said Bryan Moody, CEO of Point Energy Partners. “We have enjoyed collaborating with and look forward to watching Vital and NOG build upon the success achieved to date on these assets.”
Since its initial acquisition, Point Energy has maintained a focus on optimal development of its assets, including the implementation of 15,000-foot laterals and industry leading completion designs, significantly enhancing the efficiency and productivity of its
In addition to bolstering production, Point Energy strategically built midstream and mineral assets to complement the capital efficiency of its operations. This opportunistic approach has allowed the company to optimize resource management and enhance overall asset value.
John Sabia, Senior Partner of Point Energy Partners stated, “The support of our financial partners at Vortus Investment Advisors and our many banking partners was integral to our ability to successfully navigate and benefit from multiple commodity price cycles, culminating in a very positive exit for all parties.”
Vortus Co-Founders and Managing Partners Brian Crumley and Jeffrey Miller commented, “The tremendous growth and value creation under the leadership of Bryan Moody and John Sabia in building an industry leading and scalable operation has its success rooted in their backgrounds as
As Point Energy continues to evolve, the company remains committed to advancing sustainable practices and exploring new opportunities for growth within the energy sector.
About Point Energy Partners
Founded in 2017, Point Energy Partners is a premier oil and gas company focused on developing the prolific resources of the Permian Basin. Point Energy is one of the largest private unconventional shale producers in the Texas Delaware Basin. Point Energy employs the highest caliber professionals to lead with innovation and efficiency to provide better tomorrow for our financial partners, communities and the needed energy security for the American people. For more information about Point Energy, please visit www.pointep.com.
About Vortus Investment Advisors
Vortus Investment Advisors, LLC is a
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Point Energy Partners:
Keri Mitchell, Vice President of Finance
KeriM@pointep.com
682-207-4126
Source: Point Energy Partners II
FAQ
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