Natural Gas Partners
125 E John Carpenter Fwy Ste 600, Irving, TX, 75062, United States
Overview
Founded in 1988, Natural Gas Partners manages over $7.2 billion in a family of funds that invests private equity capital in oil and gas production and oilfield service companies. The NGP platform consists of a series of nine private equity funds with cumulative commitments exceeding $6.9 billion since inception. The firm also manages $350 million in two co-investment funds that invest in direct oil and gas property interests alongside NGP portfolio companies. Natural Gas Partners is an affiliate of NGP Energy Capital Management, a $9.3 billion firm based in Irving, Texas that invests in all sectors of the energy industry.
- Total investments
- 3
- Lead investments
- 3
- Investments · 12mo
- 0
- Active investors
- 3
Sector focus
- Energy
- Finance
- Impact Investing
- Oil and Gas
Investment portfolio
- Mettle Midstream
Led · Equity · Mar 2018
Mettle Midstream Partners is a newly formed, full-service midstream company established in 2018 and based in Dallas, Texas. The firm offers a suite of integrated midstream services including natural gas gathering, processing, compression and treating; crude oil and condensate gathering and stabilization; produced-water gathering and disposal; and product marketing. Mettle’s founding partners, Matthew Innamorati (CEO) and Drew Bredthauer (President and CCO), have prior senior midstream experience at Align Midstream Partners and EnLink Midstream, respectively. The company is focused on the acquisition and development of first-class midstream assets in resilient unconventional plays across North America. Management states it will leverage its industry relationships and execution capabilities to build a successful midstream business that provides service to producer customers. Financially, Mettle has secured an initial equity commitment to support its development and acquisition plan.
- Teal Natural Resources
Led · Equity · May 2016
Teal Natural Resources is a newly formed oil and natural gas exploration company launched in March 2016 and headquartered in Dallas. The company plans to pursue and develop primarily unconventional resource play opportunities in Texas, initially focusing on the Eagle Ford Shale in South Texas. Teal intends to deploy capital toward leasing, acquiring producing properties, and partnering with like-minded organizations to develop assets and optimize production. The leadership team includes CEO John Roby, President and Chief Geologist Neil Basu, and COO John King, each with multi-year technical and transactional experience at firms such as Occidental Petroleum and Pioneer Natural Resources. Teal says it will leverage technical understanding and operational efficiencies to enhance drilling programs and well performance. The company was advised by Winstead PC.
- Petrocore
Led · Equity · May 2014
PetroCore is an exploration and production company driven by subsurface understanding and engineering execution, focused on developing core unconventional oil prospects in North America. The firm is based in Dallas, Texas, and is led by partners Mark Hiduke, Scott Lapierre, Colin O’Farrell and David Hall. The founding partners previously served as managers and technical specialists at Pioneer Natural Resources and SM Energy. The management team has participated in over $6 billion of A&D activity and brings more than 60 years of industry experience. PetroCore announced it has raised over $100 million of equity commitments from Natural Gas Partners and the PetroCore management team to fund its operations and development plans.