Post Oak Energy Capital announces Ichthys Energy Partners asset monetisation
Published by Elizabeth Corner,
Senior Editor
Oilfield Technology,
Post Oak Energy Capital, LP has announced that Ichthys Energy Partners, LLC has completed the sale of a portion of its Permian Basin assets to multiple buyers.
Based in Dallas, Ichthys is an upstream company pursuing inventory aggregation and development strategies across the Northern Delaware Basin. Post Oak provided an equity commitment to Ichthys in October 2024.
“Ichthys’ monetisation continues Post Oak’s strong track record of success and momentum in the Permian Basin,” said Ryan Walsh, Managing Director of Post Oak. “The Northern Delaware continues to be one of the most attractive regions for upstream capital investment in North America, and we look forward to continuing our partnership with Ichthys as it pursues additional opportunities in the basin.”
“These transactions reflect our commitment to maximising risk-adjusted returns to investors through Ichthys’ proven strategy of aggregating and optimizing assets in the Northern Delaware Basin,” said Michael Poynter, Chief Executive Officer of Ichthys. “Our retained core New Mexico asset base, experienced team, and continued partnership with Post Oak have Ichthys poised for rapid growth, building on the momentum we’ve established.”
Ichthys remains well capitalised with a continued equity commitment from Post Oak to develop its existing assets and pursue additional operated and non-operated acquisitions across the Permian Basin.
TenOaks Energy Advisors served as financial advisor and Latham & Watkins served as legal advisor to Post Oak and Ichthys in connection with the transaction.
Terms of the transaction were not disclosed.
Read the article online at: https://www.oilfieldtechnology.com/special-reports/21092026/post-oak-energy-capital-announces-ichthys-energy-partners-asset-monetisation/