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Top related persons:
NGP - 1 David French - 1 Sonali Paul - 1
Top related locs:
Colorado's Denver Texas New Mexico U.S Hibernia Denver Delaware Midland
Top related orgs:
Civitas Resources Inc - 1 NGP Energy Capital Management - 1 Civitas - 1 Hibernia Resources - 1 Rock Resources - 1 Hibernia - 1 Thomson - 1

Search resuls for: "Hibernia Resources"


2 mentions found


☆ Exclusive: Civitas Resources nears $5 bln deal to expand into Permian-sources
  + stars: | 2023-06-19 | by ( David French | ) www.reuters.com   time to read: +2 min
The deal would transform Civitas, currently valued at $5.6 billion, expanding its operations beyond Colorado's Denver-Julesburg (DJ) basin into the lucrative Permian basin in Texas and New Mexico, considered the heart of the U.S. shale industry. Civitas is in advanced discussions with NGP to buy Hibernia Resources as well as much of Tap Rock Resources, the sources said. Civitas, NGP, Tap Rock and Hibernia did not respond to requests for comment. Hibernia, which does not disclose the level of its production, operates in the Midland part of the Permian basin in Texas. Cashing out on Tap Rock and Hibernia would help NGP with its bid to raise its 13th natural resources fund - the first flagship fund from the firm since 2018.
Persons: NGP, David French, Sonali Paul Organizations: Civitas Resources Inc, NGP Energy Capital Management, Civitas, Hibernia Resources, Rock Resources, Hibernia, Reuters, Thomson Locations: Colorado's Denver, Texas, New Mexico, U.S, Hibernia, Denver, Delaware, Midland, New York
☆ Exclusive: Energy buyout firm NGP eyes $7 bln Permian asset sales - sources
  + stars: | 2023-04-05 | by ( Shariq Khan David French | Shariq Khan | David French | ) www.reuters.com   time to read: +2 min
Dallas-based NGP is working with investment banks to sell the oil producers, Tap Rock Resources and Hibernia Resources, in auction processes that are expected to kick off in the coming weeks, the sources said. Efforts to cash out on the assets come as higher energy prices boost valuations of oil producers. The oil firm could fetch NGP around $5 billion, according to the sources. Hibernia, which operates in the Midland part of the Permian basin in Texas, could be worth upwards of $2 billion, the sources added. The buyout firm, which has deployed more than $20 billion in energy investments, began raising its NGP Natural Resources XIII fund late in 2022.
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