Colgate partners with Pearl and NGP

Colgate Energy LLC has raised $75 million of equity commitments from lead investor Pearl Energy Investments, alongside Natural Gas Partners through its affiliate, NGP Natural Resources XI LP (NGP) and the Colgate management team.

Based in Midland, Texas, Colgate is an exploration and production company focused on acquiring and developing oil and gas properties in the Permian Basin.

Colgate was founded in 2015 by Will Hickey and James Walter. Prior to founding Colgate, the management team served in various roles at Pioneer Natural Resources, Denham Capital Management, and EnCap Investments.



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