{"id":37261,"date":"2009-11-06T08:24:05","date_gmt":"2009-11-06T13:24:05","guid":{"rendered":"http:\/\/www.pehub.com\/?p=54926"},"modified":"2009-11-06T08:24:05","modified_gmt":"2009-11-06T13:24:05","slug":"tph-partners-forms-permian-basin-platform","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/37261","title":{"rendered":"TPH Partners Forms Permian Basin Platform"},"content":{"rendered":"

TPH Partners<\/strong> has formed Storm Peak Energy<\/strong>, a Midland, Texas-based acquisition platform focused on oil and gas properties in the Permian Basin. No financial terms were disclosed.<\/p>\n

PRESS RELEASE<\/span><\/strong><\/p>\n

TPH Partners, L.P., a middle market energy private equity fund, announced the formation of Storm Peak Energy, LLC, a Midland, Texas\u2010based company focused on the acquisition and development of oil and gas properties in the Permian Basin. The company is headed by seasoned Permian Basin operators, David Cox, 48, who serves as President and lead reservoir engineer; Bill Coggin, 55, as CFO; and Mark Ellerbe, 49, is VP of Operations. Cox and Ellerbe have worked in the area for approximately 25 years, both together at Mobil Oil as well as separately for other private\u2010equity backed companies. TPH Partners owns a majority of the company and will contribute at the Board of Directors\u2019 level.<\/p>\n

\u201cThe Permian Basin offers an excellent opportunity set for operators with the right expertise and relationships,\u201d said Joe B. Foster, Chairman of TPH Partners. \u201cWe are very pleased to be partnering with this high quality Midland\u2010based team in its effort to build a new company. David, Bill and Mark have spent essentially their entire careers in the Basin and have demonstrated an ability to create value.\u201d<\/p>\n

As its first operating activity, Storm Peak is partnering with another established operator on the exploitation of an acreage block in one of the Basin\u2019s horizontal oil plays.<\/p>\n

TPH Partners makes equity investments in the energy industry with a specific focus on the upstream, oilfield services and midstream subsectors. TPH Partners\u2019 other current portfolio companies include: BlueRock Energy Capital, an upstream finance business; Ingrain, Inc., a digital rock physics company; Meritage Midstream Services, a gathering and processing company; and UniversalPegasus, an engineering firm focusing primarily on the US onshore market and international subsea market. Additional information on TPH Partners can be found at www.tphpartners.com.<\/p>\n

Storm Peak Energy is headquartered in Midland, Texas.<\/p>\n

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TPH Partners has formed Storm Peak Energy, a Midland, Texas-based acquisition platform focused on oil and gas properties in the Permian Basin. No financial terms were disclosed. PRESS RELEASE TPH Partners, L.P., a middle market energy private equity fund, announced the formation of Storm Peak Energy, LLC, a Midland, Texas\u2010based company focused on the acquisition […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-37261","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/37261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=37261"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/37261\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=37261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=37261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=37261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}