Private Equity Round in 2019
US Grid Company is a company that owns and operates power plants critical to the reliability of power supply.USGRDCO acquires and manages natural gas power plants in major cities under a plan that is hyper-focused on reliability, resilience and massive reductions in carbon.
Private Equity Round in 2018
Brigham Minerals is a privately-owned mineral acquisition company focused on acquiring oil and gas mineral rights in unconventional, shale plays throughout the United States – including the Delaware and Midland Basins in Texas, the SCOOP and STACK plays in Oklahoma, the DJ Basin in Colorado, and Wyoming, as well as the Bakken and Three Forks, plays in North Dakota.
Private Equity Round in 2017
ATX Energy Partners is a privately held oil and gas company focused on using advanced technologies to identify and develop unconventional, liquids rich resource plays. Headquartered in Austin, Texas, ATX was founded by the former management team members from Brigham Resources, LLC following the company’s sale of substantially all of its southern Delaware Basin assets to diamondback energy for $2.55 billion. At the time of the sale to Diamondback in February 2017, Brigham Resources was producing 8,500 Boe per day from its 80,185 net acres located in Pecos and Reeves counties, Texas. Their management team has a long history of identifying, acquiring, delineating and developing early stage domestic resource plays. Prior to forming Brigham Resources, a subset of their management team oversaw the identification, acquisition, delineation and development by Brigham Exploration Company of approximately 375,000 net acres in the Williston Basin prior to its December 2011 sale to Statoil ASA for $4.4 billion. At present, ATX is evaluating resource opportunities in the U.S. Lower 48. Historically, the team has focused on early stage “frontier” opportunities that lack meaningful horizontal drilling validation, but would also consider partially delineated opportunities that have yet to fully benefit from an optimal drilling and completion formula. Going back to work in the Permian Basin and/or the Williston Basin would be two obvious alternatives, given the ATX team’s success in both of those basins. ATX is also currently evaluating opportunities in selected basins in the Rockies.
Private Equity Round in 2016
Indigo Minerals LLC was formed in late 2006, backed by the Martin Companies, Yorktown Partners and Indigo management. Indigo Minerals has since pursued a two pronged strategy of aggregating mineral interests and acquiring and developing operated working interest production. The minerals business is comprised of over 600,000 acres spread across 15 states with production from over 600 wells. The majority of the acreage is concentrated along the Gulf Coast in Louisiana, Alabama and Mississippi.
Brigham Resources is a privately held oil and gas company. Founded by Bud Brigham, Gene Shepherd and former management team members from Brigham Exploration Company following the company’s sale to statoil, Brigham Resources is focused on using advanced technologies to identify and develop unconventional liquids rich resource plays.
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