Newton Energy Partners, LLC, a Houston, Texas-based independent oil and natural gas company, has received a $75m equity commitment from Kayne Anderson Energy Funds and management.
Founded in September 2010 by Bud Newton, the company intends to acquire and develop oil and natural gas properties with identifiable upside in the Permian Basin, Mid-Continent and onshore Gulf Coast regions.
Previously, Mr. Newton served as Division Manager for the Gulf of Mexico for Hilcorp Energy Company. Prior to joining Hilcorp, he was a reservoir engineer and supervisor of Samedan Oil Corporation, a wholly owned subsidiary of Noble Energy.
Mr. Newton has over 27 years of industry experience with an emphasis on technical evaluation and operational execution.
Kayne Anderson Energy Funds manage $2.7 billion of committed capital for energy private equity investments. With offices in Houston, Texas and Los Angeles, California, Kayne Anderson invests private capital primarily in high-growth oil and gas companies.
FinSMEs
24/09/2010