UpCurve II Completes Initial Acquisition in Delaware Basin, Secures Equity Commitment from Post Oak
[Click image to enlarge]
UpCurve Energy Partners II, has closed an equity commitment from Post Oak Energy Capital. In addition to the new equity commitment, UpCurve II has completed an initial acquisition in the Delaware Basin. The company will use the remaining equity commitment to continue to pursue an “acquire and exploit” strategy, focused on value creation via best-in-class execution.
UpCurve II is led by executives Zach Fenton, Steve Escaler, and Dave Kyte, who have worked together for years in their existing partnership with Post Oak and UpCurve Energy Partners. Both UpCurve I and II represent a highly economic acreage position in the core of the Southern Delaware Basin.
“We are excited to once again partner with the Post Oak team. We believe that patient, long-term capital in combination with prudent and environmentally responsible development will yield attractive investment returns, particularly in the current macro environment. Our data analytics capabilities, in combination with subsurface, operational and transactional experience, will allow us to continue to acquire and develop producing assets at the lowest breakeven cost. The Permian Basin remains the premier oil play in the world and has a bright future. UpCurve looks forward to being a part of it,” said UpCurve President Zach Fenton.
“Post Oak looks forward to continuing to work with UpCurve in this opportunity-rich environment. We believe the team’s unique combination of technical expertise and commercial acumen will position us well for continued success in the Permian Basin…,” said Ryan Walsh, Post Oak director.
About UpCurve Energy
UpCurve Energy was formed in 2015 with an equity commitment of $100 Million from Post Oak Energy Capital. The core team of ex-ConocoPhillips colleagues has extensive experience in unconventional development and a demonstrated track of value creation. UpCurve is focused on utilizing technology and innovative engineering practices to develop unconventional assets in the Permian Basin.
To stop by UpCurve Energy’s website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2022 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
