Hilcorp and Carlyle partner to acquire oil and gas properties

Hilcorp Energy Co., a privately owned oil and gas exploration and development company, has established a newly formed partnership, Hilcorp Energy Development, LP, which seeks to acquire, operate, and develop onshore oil and natural gas properties and related assets in North America.

In conjunction with the establishment of the company, the Carlyle Energy Mezzanine Opportunities Fund LP and Carlyle Energy Mezzanine Opportunities Fund II LP, funds controlled by the Carlyle Group, have entered into a definitive agreement to invest up to $1.24 billion in the newly formed partnership.

Houston-based Hilcorp, founded by Jeffrey Hildebrand in 1989, has operations in the Gulf Coast of Texas and Louisiana, the US Northeast, and Alaska.

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


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

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 ...