Monadnock Resources LLC has received a $100 million equity commitment from Kayne Anderson Energy Funds and members of the management team. Monadnock is being formed to target the acquisition and development of oil and natural gas assets in North America.
“We wanted to partner with an equity provider that shows strength, integrity and pragmatism. With Kayne Anderson, we receive exactly that, along with a track record of successfully backing and aiding management teams. Monadnock is delighted to partner with Kayne Anderson and looks forward to a mutually prosperous relationship.”
Monadnock is a newly formed independent oil and gas company headquartered in Dallas, Texas. The Monadnock management team is led by Matt Gentry, president and CEO; Adam Howard, vice president of engineering; David Williamson, vice president of geoscience; and Kelli Roach, vice president and general counsel.
The company is considering opportunities throughout select North American basins, with an initial focus on the Permian Basin.