Sheridan Production Partners raises $1.5B to acquire onshore US assets

Sheridan Production Partners

Sheridan Production Partners has raised $1.5 billion in equity commitments through its third fund, Sheridan Production Partners III, to acquire onshore US producing oil and gas properties. Including the latest offering, Sheridan has raised a total of $4.6 billion in equity commitments through private placements of three series of investment vehicles since the company’s formation in 2006. The Sheridan Fund III investors include long-time Sheridan Limited Partners, along with new investors making their first commitment to Sheridan.

Sheridan will continue to focus on transactions in the Mid-Continent area (primarily in Oklahoma, Texas, New Mexico, and Wyoming) that complement the company’s existing assets.

Sheridan Production Partners III is under common management with Sheridan’s previous two funds and has a similar investment strategy. The earlier oil and gas partnerships have closed eight acquisitions for an aggregate purchase price of $5.2 billion, employing a combination of equity commitments and debt financing.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...