Midway Energy Partners Secures Equity Commitment from Post Oak Energy Capital
Gracie Gottlieb | 7 February, 2024
Midland-based energy company, Midway Energy Partners, LLC, announces a significant equity commitment from investment funds managed by Post Oak Energy Capital, L.P. This partnership will enable Midway to execute its growth strategy and capitalize on opportunities in the Permian Basin.
Midway Energy Partners, led by industry veterans Jack Walter, Brady Adams, and Jordan Cox, specializes in the "acquire and exploit" approach, leveraging their expertise to identify and develop projects in the Permian Basin. The company boasts a strong track record in both private equity-backed ventures and public companies in the region.
Having secured an equity commitment from Post Oak Energy Capital, Midway is poised for growth as it positions itself as a leader in the energy industry. Post Oak, a Houston-based private equity firm, brings its financial acumen and strong industry reputation to the partnership. The collaboration will enable Midway to maximize shareholder value through responsible and strategic development projects.
The partnership comes at a time of great opportunity in the Permian Basin, with Midway Energy Partners well-positioned to generate strong returns. The company's experienced team, combined with Post Oak's support, will drive new development opportunities in the region. Over the years, Midway has established operational expertise and a reliable network of service providers that will facilitate efficient and responsible project development.
Ryan Walsh, Director of Post Oak, highlights the unique opportunities presented by the partnership. With growing consolidation and industry-wide capital constraints, companies like Midway, with their agility and access to ready capital, can identify and deploy resources into untapped potential within the basin.
Midway Energy Partners, LLC, founded by Jack Walter, Brady Adams, and Jordan Cox, is a Midland-based exploration and production company focused on the Permian Basin. Their acquisition and development strategy leverages the team's extensive experience in the region. For more information about Midway Energy Partners, please visit: www.midwayep.com.
Post Oak Energy Capital, L.P., established in 2006, is a Houston-based private equity firm specializing in domestic investments in the upstream, midstream, and oilfield services sectors of the energy industry. The firm seeks out exceptional entrepreneurs and management teams with well-defined business plans and a track record of creating value for shareholders. To learn more about Post Oak Energy Capital, please visit: www.postoakenergy.com.
In conclusion, Midway Energy Partners' equity commitment from Post Oak Energy Capital positions the company for accelerated growth in the Permian Basin. With their expertise and financial support, Midway is well-equipped to capitalize on the region's opportunities and generate strong returns. This partnership exemplifies the potential for nimble companies to unlock overlooked resources and drive responsible development in the energy industry. Visit www.midwayep.com and www.postoakenergy.com for more information.
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