Articles from Pickering Energy Partners

Pickering Energy Partners (“PEP”) acted as a co-manager on the initial public offering of 14,500,000 Class A shares for LandBridge Company LLC (NYSELB) which closed on July 1, 2024.

Pickering Energy Partners (PEP) advised O.G. Oil & Gas Limited in their purchase of certain non-operated Gulf of Mexico assets owned by Beacon Offshore Energy. The acquisition includes non-operated interests in the deepwater Gulf of Mexico in accordance with a previously executed definitive agreement with GOM 1 Holdings Inc., an affiliate of O.G. Oil & Gas. The acquisition consists of Beacon’s 18.7% interest in the Buckskin producing field, 17% interest in the Leon development, 16.15% interest in the Castile development, 0.5% interest in the Salamanca FPS/lateral infrastructure, and 32.83% interest in the Sicily discovery.

Pickering Energy Partners (PEP) is pleased to announce a collaborative partnership with energy veteran, Rick Mauro, aimed at supporting clients in carbon sequestration and methane mitigation efforts. Given the evolving regulatory landscape and its increasing emphasis on stringent measures for methane mitigation and measurement, the need for technical assistance to reduce emissions is more crucial than ever. Through this partnership, the PEP ESG Consulting team’s clients will have access to comprehensive strategic and technical consulting services, covering a broader spectrum of environmental and sustainability needs.

Pickering Energy Partners (“PEP”) acted as a Co-Manager on the $300,000,000 offering of 9.750% senior notes due 2029 for Helix Energy Solutions Group, Inc. (NYSEHLX) which closed on December 1, 2023.

Pickering Energy Partners (“PEP”) advised the Audit Committee of ProFrac Holding Corp.’s (NASDAQACDC) (“ProFrac” or the “Company”) Board of Directors on the terms of the $50 million in preferred equity investment (the “Preferred Equity”) by ProFrac’s largest shareholder, the Wilks Family. The Preferred Equity was issued as perpetual preferred equity securities convertible into ProFrac Class A common stock at a conversion price of $20.00 per share. In addition, the Preferred Equity accrues interest at an 8% annualized rate, payable quarterly and payment-in-kind (“PIK”). The investment optimizes the capital structure of ProFrac as it looks to maximize the value in Alpine Silica, the industry’s largest multi-basin proppant producer.

Pickering Energy Partners (“PEP”) acted as a Co-Manager on the $400,000,000 private placement of green 11.750% senior notes due 2028 for Sunnova Energy International Inc. (NYSENOVA) which closed on September 26, 2023.

Pickering Energy Partners (“PEP”) acted as a Co-Manager on the $550,000,000 upsized private placement of 8.500% senior secured second lien notes due 2030 for Diamond Offshore Drilling, Inc. (NYSEDO) which closed on September 21, 2023.

Pickering Energy Partners (“PEP”) announces that a team led by Managing Directors Robyn Underwood and Jason Kivett have joined the PEP Investment Banking practice. The former Barclays investment bankers have worked together for over a decade with extensive experience across the energy sector. The team, which includes several financial and technical professionals from Barclays and other bulge bracket firms, will be focused on traditional oil and gas. They will partner seamlessly with the existing Renewables and Energy Transition advisory team.

Pickering Energy Partners (“PEP”) acted as a co-manager on the $324,000,000 initial public offering of Class A common stock for Atlas Energy Solutions Inc. (NYSEAESI) which closed on March 13, 2023.

Pickering Energy Partners (“PEP”) acted as a co-manager on the $302,500,000 secondary public offering for Permian Resources (NYSEPR) which closed on March 10, 2023.

Pickering Energy Partners advised the NeuVentus management team on the launch of NeuVentus, LLC, a newly formed platform backed by Lotus Infrastructure Partners, formerly known as Starwood Energy Capital. NeuVentus is focused on developing and delivering clean hydrogen pipeline transportation and salt cavern hydrogen storage projects. In addition to advising the NeuVentus management team on its formation capital raise, the PEP team supported management’s project development and its go-to market strategy.

Pickering Energy Partners announces the hiring of Diego Kuschnir as Managing Director, Investment Banking. Kuschnir will leverage his more than 23 years of investment banking and portfolio management experience focused on deals in the energy and sustainable resource subsectors. He has invested and advised on over $50 billion in transactions across the broad energy and energy transition markets.

Pickering Energy Partners (“PEP”) acted as a co-manager on the $150,000,000 follow-on public offering for Cactus, Inc. (NYSEWHD) which closed on January 13, 2023.

Pickering Energy Partners announces the hiring of Dr. Nathan Welch as Director of Technical Resources, a newly established role focused on supporting PEP and their advisory and investment clients with research and scientific analysis. PEP recognizes the volume of energy transition-focused investment opportunities and strategic options in hydrogen, carbon capture for sequestration or utilization, and other carbon mitigation projects is overwhelming. By cutting through the noise with scientific analysis in addition to PEP’s strategic and financial capabilities the team will help clients more thoroughly determine the commercial viability and potential returns on their endeavors.

SailingStone Capital Partners, a long-time owner of Turquoise Hill Resources Ltd. (TSX:TRQ) (NYSETRQ), has issued the following statement:

Pickering Energy Partners, a Houston-based energy financial services and investment firm, is pleased to announce the appointment of the PEP Energy Transition Advisory Board. The board brings together energy leaders with years of industry experience, including clean energy and decarbonization-minded leaders. PEP’s Energy Transition Advisory Board is an important development in the growth of the firm’s Energy Transition practice.

Pickering Energy Partners (PEP), a Houston-based energy financial services firm, recently launched its Energy Transition Advisory practice, which will build upon the momentum of PEP’s other offerings – including the growing market intelligence business (Insights), Consulting and Principal Investing practices – to deliver actionable opportunities for companies across the energy value chain.

Pickering Energy Partners (PEP), a Houston-based energy financial services firm, today announced the hiring of Jason Martinez to lead its Energy Transition Advisory practice. His role on the PEP team will support the firm as it enhances its offerings for Energy Transition companies.

Earlier this week, Merge Electric Fleet Solutions, a premier fleet electrification services and finance company, announced the close of a Series A funding round led by strategic investor Pickering Energy Partners (PEP). The investment demonstrates PEP’s continued leadership in energy transition investing. Merge will use the funding to accelerate its team expansion and broaden its electrification service offerings to additional fleet segments.

Pickering Energy Partners (PEP), a Houston-based energy financial services firm, today announced a merger with Heikkinen Energy Advisors (“Heikkinen”), an investment advisor providing high-quality insights across all sectors of the energy industry, including Exploration and Production, Oilfield Services, Midstream, Energy Transition, Mobility and Technology. The new partnership builds on Pickering Energy Partners’ expertise in traditional energy and solidifies its role in Energy Transition subsectors.

Pickering Energy Partners (PEP), a Houston-based energy financial services firm, today announced the hiring of Dan Romito as a Consulting Partner in the company’s Consulting business, Rachel Racz as a Director in Business Development and Ismail Hammami also as a Consulting Partner, specifically for oil and gas. The hires come as PEP continues to lead their clients with smart investment solutions and guidance for today’s energy world.

Pickering Energy Partners (PEP), a Houston-based energy financial services firm, formally announces the launch of MERGE Electric Fleet Solutions (MERGE), a new operating company that will provide fleet operators with comprehensive solutions to make fleet electrification simple, affordable, and scalable. MERGE combines the electric vehicle domain expertise from a seasoned management team with the energy and financial expertise of PEP.