Peak 10 的资本包括来自资产管理公司 Legacy Star Capital Partners 的现金、捐赠资产和未来资本承诺,以及来自 Prudential Private Capital、Prudential Energy Capital Partners LP 和 Production Lending LLC 的债务融资,预计这些资金总额将达到资产负债表资源超过 5 亿美元。
Legacy Star 和 Peak 10 由 Baker Botts LLP 的 Clay Brett 以及 Holland and Knight 的 Robert Dougherty 和 Jeremiah Mayfield 领导的团队提供咨询。
Peak 10 Energy Launches with Permian Basin Acquisition
Peak 10 Energy announced its launch as an oil and gas investment platform focused on the acquisition of assets in the U.S. and particularly in the Permian Basin.
(Source: Shutterstock.com)
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Hart Energy Staff
Peak 10 Energy Holdings has launched as an oil and gas investment platform for the acquisition of long-lived assets in the U.S.—particularly in the Permian Basin, the company announced in an Aug. 30 press release.
Peak 10 will build on its asset base of non-operated oil and gas properties in Reeves, Fisher, Scurry, Gaines, Dawson and Andrews counties, Texas, with more than 100 producing wells and a multi-year drilling program of Tier 1 undeveloped drilling opportunities.
Peak 10’s first acquisition closed on Aug. 23 with a private seller and is of non-operated upstream oil and gas and associated water handling and recycling assets in the Eastern Shelf of the Permian in Fish and Scurry counties, Texas.
The company is actively developing the Strawn Formation and holds approximately 57,150 net acres and more than 13,950 net mineral acres, according to Peak 10’s website.
(Source: Peak 10 Energy Holdings)
“The formation of Peak 10 and the closing of the Eastern Shelf transaction represent
transformational moments in our ability to create scale by consolidating dislocated oil and gas assets,” Peak 10 CEO Mark Paull said in the press release. “We look forward to additional opportunities to provide a differentiated and value-added solution to the market.”
Peak 10’s capitalization consists of cash, contributed assets and future capital commitments from asset management firm Legacy Star Capital Partners, as well as debt financing from Prudential Private Capital, Prudential Energy Capital Partners L.P. and Production Lending LLC, which in total are estimated to exceed $500 million in balance sheet resources.
Legacy Star and Peak 10 are advised by a team led by Clay Brett at Baker Botts LLP, as well as Robert Dougherty and Jeremiah Mayfield at Holland and Knight.