HOUSTON--(BUSINESS WIRE)--Principals Dustin Faulkner, Jason Perkins, Chris Sutherland, and Eric Erickson announced today that they have formed Raptor Petroleum II, LLC (“Raptor”), an independent oil and natural gas company headquartered in Edmond, Oklahoma. Raptor is a privately held exploration and production company focused on developing unconventional reservoirs largely through the application of horizontal drilling and completion techniques. The company’s core focus areas include the Anadarko Basin, West Texas, and Louisiana. Raptor is an investment portfolio company of Kayne Anderson Energy Funds (“Kayne Anderson”) with an initial equity commitment from Kayne Anderson Energy Fund V and management of $75 million.
Prior to forming Raptor, all principals held a variety of drilling, completion, production, and reservoir engineering roles with Anadarko Petroleum Corporation. Most recently, the team has established successful development programs in the Bakken Shale, Marmaton oil play and Cleveland oil play through Raptor’s predecessor, Raptor Petroleum, LLC. In each of these areas, the team was able to form a sizeable land position while working with highly regarded industry players to develop the assets. Raptor’s business model has been to develop reserves in mature basins where hydrocarbon risks are minimal, and infrastructure is well established. A major aspect of this plan involves identifying and testing zones that have not yet been drilled horizontally.
“We are excited to partner with Raptor, as they have proven to be a strong technical team with a history of unlocking value in emerging resource plays using modern drilling and completion technology,” stated David Iverson, Managing Director at Kayne Anderson. Company President, Jason Perkins, had this to say about the new venture: ”We intend to continue to identify, capture, and develop oil and gas projects in technically challenging environments, largely through the application of advanced horizontal drilling and completion techniques. Our partnership with Kayne Anderson is a key component of this strategy.”
Contact Information for Raptor Petroleum II, LLC
Jason
Perkins, President
email: jason.perkins@raptorpetroleum.com
Dustin Faulkner, Vice President Operations
email: dustin.faulkner@raptorpetroleum.com
Eric Erickson, Vice President Business Development
email: eric.erickson@raptorpetroleum.com
Chris Sutherland, Vice President Engineering
email: chris.sutherland@raptorpetroleum.com
Company Mainline: (214) 888-0200
Company Website: http://www.raptorpetroleum.com
About Kayne Anderson Energy Funds
Established in 1998, 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. For more information on Kayne Anderson’s energy private equity investing, please visit www.kaynecapital.com, or contact either David Iverson, Managing Director, at (713) 493-2010 or Greg Davis, Senior Vice President, at (713) 493-2017.