Houston-based TPH Partners II, LP, a middle-market energy private equity fund, has formed a partnership with Big Horn Energy Services, an oilfield service company headquartered in Midland, Texas. Big Horn provides oilfield water solutions in the Permian Basin, including real-time high-volume water transfer in support of hydraulic fracturing operations. Timely, high quality delivery of this critical path capability is essential to successful and cost effective operations for Big Horn’s exploration and production client base.
Big Horn is led by president and CEO John Nava. Prior to forming Big Horn, Nava spent more than a decade with Halliburton and most recently served as the company’s regional business development manager in the Permian Basin.
“We are really excited to partner with John and his high-quality team at Big Horn,” said George McCormick, managing partner of TPH Partners. “Water usage by E&P companies has obviously increased dramatically over the last several years due to longer horizontal laterals, more fracturing stages and larger volumes per stage, creating the need for experienced water solution providers like Big Horn. The team’s deep relationships and oilfield experience in the Permian Basin were critical to our investment decision and we look forward to growing the business together.”
Nava responded, “We are excited to have found a partner like TPH Partners who can support our growth plans as well as provide valuable industry relationships, expertise and market knowledge to our team. We believe that the increased demand for water services combined with our capabilities provides Big Horn with tremendous growth opportunities.”
Other energy-related businesses in the TPH Partners portfolio include ClearFork Resources LLC, Storm Peak Energy, Meritage Midstream Services, Ingrain, Blue Rock Energy Capital, and Universal Pegagus International. TPH Partners is an affiliate of Tudor, Pickering, Holt & Co. LLC, an integrated energy investment and merchant bank with headquarters in Houston. TPH Partners makes private investments in the upstream, oilfield service, and midstream subsectors of the energy industry.