Black Mountain Oil and Gas partners with NGP

Black Mountain Oil & Gas LLC has closed a $150 million equity commitment from Natural Gas Partners (NGP) through NGP Natural Resources XI LP, the most recent NGP private equity fund focused on natural resources.

The Black Mountain management team combines expertise in geology, engineering, land, and A&D in conventional and unconventional oil and gas reservoirs. The company is applying its multi-disciplinary approach across the most prolific producing regions in the US Lower 48 with a current focus on the Delaware Basin in Texas and New Mexico.

Black Mountain is an independent oil and gas company based in Fort Worth, Texas. The first Black Mountain company was founded in 2007; since that time, it and its successors have leased over 200,000 acres in various resource plays across six basins and five states, and acquired mineral and royalty interests in more than 10,000 oil and gas wells covering 800,000 gross acres in 11 states.

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


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

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