Energy-focused private equity firm Post Oak Energy Capital LP, through investment partnerships it manages, has committed to a $100 million line of equity to UpCurve Energy LLC. UpCurve’s management team will co-invest alongside Post Oak.
UpCurve is a newly formed upstream-focused oil and gas company headquartered in Houston. Denis Pone, CEO of UpCurve, holds four patents in enhanced oil recovery and production optimization. He is credited with pioneering ConocoPhillips’ horizontal refracturing program. Other members of the UpCurve management team, also from ConocoPhillips, include Zach Fenton, COO; J.J. Oshins, SVP of business development; and Brett Clair, CFO.
UpCurve will initially focus on leveraging its expertise in both horizontal recompletions and unconventional development in shale formations such as the Eagle Ford, Haynesville and Bakken.