Triumph receives $100M equity commitment from Kayne Anderson

Following the divestment of Mid-Continent assets in Grant and Garfield counties, Oklahoma, the former team of Plymouth Exploration LLC has formed Triumph Energy Partners LLC with a $100 million equity commitment from Kayne Anderson Energy Funds and members of the management team.

Triumph is a private exploration and production company formed to pursue the acquisition and development of oil and natural gas assets. The company will focus on opportunities in the US Mid-Continent region.

The Triumph management team is led by Jack Kueser, Joel Blake, Kyle Hill, and Kerby Hunt who were previously the core senior management team of Plymouth, which acquired 30,000 net acres in Garfield and Grant counties, Oklahoma, and subsequently ran a four-rig continuous program drilling over 60 horizontal wells in the Mississippi Lime and Woodford shale plays. This development program de-risked several hundred future drilling locations and, on June 30, 2014, Plymouth sold its Mississippi Lime and Woodford assets to SK Innovation for $300 million.

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