Pearl Energy Investments has made a $60 million equity commitment to Haynesville Shale minerals and royalties company Wild Basin Energy, the company said March 10.
Along with the private equity firm’s investment, Wild Basin has also received a strategic minority commitment that will bring its commitments to $75 million alongside existing capital from management and existing investors, according to a press release.
Wild Basin utilizes a technically focused approach to assemble and manage a portfolio of natural gas-focused minerals and royalties positioned to benefit from structural growth in LNG and the emerging domestic expansion of power generation driven by AI and data centers. Wild Basin’s management team is comprised of former employees of Brigham Minerals.
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CEO Blake Williams said Wild Basin’s team has been “hard at work building a premier asset of just over 4,000 net royalty acres in the core of the Haynesville.”
“I’m excited for the opportunity to partner with Pearl as we look to grow our business further. Our track record of success with large mineral assets, combined with Pearl’s financial strength and strategic expertise, creates a dynamic platform,” he said. “We believe Pearl is the perfect partner given their proven track record of building outstanding businesses and we are proud to partner with its team.”
Kevin Manuel Pohler, partner at Pearl, said Wild Basin’s “execution to date, exceptional track record of creating value in both public and private markets and compelling strategy create an attractive opportunity to build a high-quality mineral and royalty business.”