The former management team of Augustus Energy Partners LLC (Augustus I) has formed a new upstream energy company, Augustus Energy Partners II LLC (Augustus II).
Augustus II will be led by Steven D. Durrett, the company's founder, president, and CEO. He will be joined by certain other executives that were also part of the management teams at Augustus I and United States Exploration Inc. These individuals include: Kenneth J. Meister (vice president of engineering), Bob Fisher (vice president of geology), Duane Zimmerman (vice president of operations), Lou Ann Carlson (vice president of administration) and Jeff Appelt (controller).
Additionally, Augustus II announced that, simultaneously with its formation, the company closed a new $96.7 million institutional private equity commitment with Lime Rock Partners, Wells Fargo Energy Capital, and Rivington Capital Partners LLC (a subsidiary of Rivington Holdings LLC).
Augustus II is headquartered in Billings, Montana. The company plans on implementing a two-tiered strategy focusing on leasing and drilling, as well as acquisitions of producing properties in the Rocky Mountains region.