Energy Spectrum Capital is a Dallas-based private equity and venture capital firm focused on energy infrastructure investments in North America. It specializes in midstream energy assets such as oil and gas pipelines, storage and transportation facilities, crude and natural gas pipelines, natural gas liquids, and related infrastructure, as well as energy service and power development companies. The firm typically makes equity investments of 50 to 200 million, including follow-on rounds, and targets exits after roughly three to seven years. Founded in 1995, it concentrates on opportunities in the United States and Canada.
Forrest Drilling Company is a provider of contract land drilling services, operating a fleet of seven newly built diesel-electric SCR land drilling rigs with horsepower ranging from 1,000 to 1,500. The company specializes in drilling capabilities that reach depths of 15,000 to 20,000 feet and can operate in various geological formations. Forrest Drilling primarily serves regions in Mississippi, Texas, and Oklahoma. The company has plans to expand its operations by acquiring existing drilling rigs and constructing new equipment, further enhancing its service offerings in the competitive drilling market.
Pinnacle Natural Gas Company
Acquisition in 1997
Pinnacle Natural Gas Company operates natural gas gathering and transportation systems in West Texas, eastern New Mexico, Louisiana, and Mississippi. Pinnacle Natural Gas Company operates three lateral natural gas pipelines transporting up to 1.1 Bcf/d under firm contracts to power plants and 18 gathering systems gathering more than 44 MMcf/d.
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