Denham Capital related stories
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Targa to buy PE-backed Outrigger's three midstream subsidiaries for up to $1.5 blnTarga Resources Corp has agreed to acquire Outrigger Energy LLC's three midstream subsidiaries in the Permian Basin for a cash consideration of up to $1.5 billion. The deal is expected to close in the first quarter of this year. Citi is serving as exclusive financial adviser to Outrigger on the transaction. Outrigger is backed by Denham Capital.
- PE-backed Nexif Energy acquires OneWind's development wind projects
Nexif Energy, a portfolio company of Denham Capital, has acquired OneWind's late-stage development wind projects: Lincoln Gap in South Australia and Glen Innes in New South Wales. Also, Nexif has acquired OneWind's 32 percent stake in RPVD Development Pty Ltd, owner of the Walkaway II wind and solar projects in Western Australia. No financial terms were disclosed.
- PE-backed Covey Park buys additional Haynesville/Bossier assets
Dallas-based Covey Park, an oil and gas exploration and production company, has acquired additional assets in the Haynesville/Bossier shale areas of East Texas and North Louisiana. No financial terms were disclosed. Covey Park is backed by Denham Capital.
Denham Capital strikes $65 mln mining deal with JDS SilverU.S. resource private equity firm Denham Capital announced its partnership with JDS Silver Inc, a Vancouver-based mining company. Under the terms of the partnership, Denham provided US$65 million in funding to JDS Silver to complete construction and bring into production the Silvertip Mine in Northern British Columbia. The property, a high-grade silver-lead-zinc mine, has been under construction since late 2015 and is expected to begin production this month. Established in 2012, JDS Silver is led by CEO Jeff Stibbard. Denham said the company is its first investment in the Canadian mining industry.
- Denham Capital backs Canadian mine development platform JDS Silver
Denham Capital has provided $65 million to JDS Silver Inc. Based in Vancouver, British Columbia, JDS Silver is a mine development platform.
- Denham Capital invests $300 mln in Tall City Exploration II
Denham Capital made a $300 million investment in Midland, Texas-based Tall City Exploration II LLC. The new company, to be led by Michael Oestmann, will pursue oil and gas assets throughout the Permian Basin.
- Pembroke Resources to buy majority of Olive Downs Complex
Pembroke Resources, which is backed by Denham Capital, said May 9 that it has agreed to buy 87.3 percent of the Olive Downs Complex for total consideration of 120 million Australian dollars ($88.2 million). The sellers are Peabody Energy Inc and CITIC Resources Holdings Ltd. The Olive Downs Complex comprises Olive Downs South (ODS), Willunga, and Olive Downs North (ODN), with rights to four Exploration Permits for Coal and two Mine Leases (both for ODN).
- Covy Park to buy EP Energy's assets in Haynesville and Bossier shales
Covey Park Gas LLC, a subsidiary of Covey Park Energy LLC, has agreed to buy EP Energy Corp’s assets located in the Haynesville and Bossier shales. The total consideration to be paid is $420 million. The assets, primarily located in Louisiana’s DeSoto and Bossier Parishes, consist of approximately 52,933 gross (34,167 net) acres with Q4 2015 average production of 113 mmcf/d. Covey Park is backed by Denham Capital.
- Denham-backed Covey Park to buy EP Energy properties
A subsidiary of Denham Capital-backed Covey Park Energy LLC agreed to buy all of EP Energy's assets in the Haynesville and Bossier shales for $420 million. The deal, which is expected to close in the second quarter, is subject to customary adjustments.
- Colgate Energy raises $75 mln from Pearl Energy Investments, NGP
Colgate Energy LLC raised $75 million of equity commitments from lead investor Pearl Energy Investments, alongside Natural Gas Partners through its affiliate, NGP Natural Resources XI LP and the Colgate management team. Colgate is an exploration and production company based in Midland, Texas focused on acquiring and developing oil and gas properties in the Permian Basin.