Local energy-focused Private Equity firm leading $200M equity commitment

A local energy-focused private equity firm is pumping millions into a Midland oil and gas company.

Houston-based Post Oak Energy Capital LP is leading a $200 million equity commitment to Moriah Henry Partners LLC, according to a release. Two other firms, Midland-based Henry Energy LP and Moriah Energy Investments LLC, are co-investing with Post Oak.

Moriah Henry Partners aims to acquire and develop oil and gas in the Midland Basin, which is part of the Permian Basin, an area that’s seen a surge in deals in recent months. The company plans to use proceeds from the investment money to fund acquisitions in the core of the Midland Basin.

“We are delighted to partner with these industry veterans and leaders,” Post Oak Managing Director Frost Cochran said in the release. “Their deep experience in the Midland Basin will allow us to capitalize on numerous opportunities in one of the most economic basins in the country.”

Post Oak Energy Capital closed a $600 million fund in May. The fund was expected to be used for investments in North American oil and gas companies, oil field services and other similar projects.

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