Kayne Anderson Commits $150M To New Houston Upstream Energy Co.
News Article by Triple M Trailers of Texas
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The latest in a string of new PE-backed Houston energy startups is Invictus Energy LLC, which announced on Jan. 13 that it had secured $150 million in an equity commitment from management and the energy arm of Los Angeles-based Kayne Anderson Capital Advisors LP, Kayne Anderson Energy Funds.
“Invictus is being formed to pursue lease and drill opportunities in North America,” the company said in a statement.
The following individuals comprise the management team:
- Kevin Green, president and CEO
- Elliott Hough, COO
- Robert Estrada, CFO
- Jon Moreland, vice president of land
“Invictus will pursue leasehold opportunities with scalable development upside,” the statement read. “The company will consider opportunities throughout select North American basins with an initial focus on the Eagle Ford and Permian Basin.”
In December, UpCurve Energy LLC announced its $100 million backing from Post Oak Energy Capital LP to pursue horizontal recompletions and unconventional development in the Eagle Ford, Haynesville and Bakken.