IRVING, Texas–(BUSINESS WIRE)–Juniper Resources, LLC (“Juniper” or the “Company”) today announced the closing of its private equity financing commitment and partnership with Natural Gas Partners (“NGP”) through NGP Natural Resources XI, L.P., the most recent NGP private equity fund focused on natural resources, and management.
The Dallas, Texas based exploration and production Company is led by CEO and President Ian Delahunty, former President of TransAtlantic Petroleum; C.O.O. and Chief Geologist Steven Thibodeaux, former Vice President and Chief Geologist of Peak Resources I, II, and III; and Matt Strickler, former Vice President of Land at TransAtlantic Petroleum and Longfellow Energy.
The three co-founders call the San Juan Basin home and continue to maintain strong connections to the Four Corners area. Juniper Resources will focus on proving and developing oil and gas assets within the San Juan Basin by combining their extensive land and geologic knowledge of the region with their engineering expertise.
Ian Delahunty, Chief Executive Officer of Juniper, stated, “We are very pleased to be working with NGP as we grow Juniper and proud to have a partner group which carries a long history of successful investments in the oil and gas business. It is an exciting time for newly capitalized companies and we intend to further our bond with the communities of the Four Corners area and the San Juan Basin.”
“We have a great opportunity to partner with Ian and the Juniper team. We look forward to working with them and are excited they selected NGP to be their partner in this venture,” said Chris Carter, Managing Partner of NGP.
Founded in 1988, Natural Gas Partners (“NGP”) is a family of private equity investment funds, with approximately $17 billion of cumulative equity commitments, organized to make investments in the natural resources sector. NGP is part of the investment platform of NGP Energy Capital Management, a premier investment franchise in the natural resources industry. In addition to NGP, NGP Energy Capital Management’s investment platform includes NGP Global Agribusiness Partners and NGP Energy Technology Partners.