Return to News Categories

ALL NEWS SECTIONS:
MOST POPULAR SECTIONS:
Commentary and Educational Cattle - Hogs / Livestock News Currencies News Energy News Grain News Index News Interest Futures News Metals Futures News Reports: Crops, CFTC, etc Soft Commodities News

Futures and Commodity Market News

Valorem Energy, LLC Receives $300 Million Equity Commitment from Kayne Private Energy Income Fund

OKLAHOMA CITY, May 19, 2017 (BUSINESS WIRE) --

Valorem Energy, LLC ("Valorem" or the "Company"), an independent oil and natural gas company headquartered in Oklahoma City, Oklahoma, is pleased to announce that the Company has received an initial $300 million equity commitment from the Kayne Private Energy Income Fund, L.P. (the "Fund") and members of the management team.

Valorem is a private exploration and production company formed to deploy over $1 billion of capital to acquire and operate large, producing onshore U.S. oil and gas assets, with an emphasis on the Rockies and Mid-Continent. Valorem is led by CEO Justin Cope and COO Heath Mireles, former executives with Continental Resources. Justin most recently led Continental's Mid-Continent operations as Vice President of Southern Production and previously led the business development function as a Vice President. Justin also worked in investment banking at Goldman Sachs and served as a Captain in the U.S. Army prior to joining Continental. Heath previously served as Vice President of Resource Development at Continental before co-founding Valorem. Prior to joining Continental, Heath began his career at BP where he served in various technical and operational roles throughout North America.

"We are very proud to partner with Kayne Anderson," said Cope. "The Kayne Private Energy Income team is the ideal financial partner for our talented operational and technical team, and we value their financial and technical expertise as we execute our data and analytics driven strategy."

Danny Weingeist, Managing Partner at Kayne, said, "Justin and Heath's experience in operational and business development leadership roles will serve them very well in our effort to acquire and develop sizeable producing assets. We are very excited to be partnering with the Valorem team."

ABOUT VALOREM ENERGY

Founded in 2017, Valorem is a privately held oil and natural gas exploration and production company based in Oklahoma City, OK. Valorem is focused on the acquisition and development of large producing oil and gas assets primarily in the Rockies and Mid-Continent regions. For more information, please visit www.valorem-energy.com.

ABOUT KAYNE ANDERSON CAPITAL ADVISORS

Kayne Anderson Capital Advisors, L.P. ("Kayne Anderson"), founded in 1984, is a leading alternative investment management firm focused on niche investing in upstream oil and gas companies, energy infrastructure, specialized real estate, middle market credit and growth private equity. Kayne manages approximately $26 billion in assets and employs 300 professionals in nine offices across the U.S.

The Kayne Private Energy Income Fund is part of Kayne Anderson's successful energy private equity practice that has raised over $8 billion since 1998. The Fund was formed in mid-2014 to take advantage of the market opportunity to acquire and develop large, long-life producing oil and gas assets in North America.

The firm is headquartered in Los Angeles with offices in Houston, New York City, Chicago, Denver, Dallas, Atlanta, Portland and Boca Raton. For more information, please visit www.kaynecapital.com.

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20170519005473r1&sid=cmtx6&distro=nx&lang=en

View source version on businesswire.com: http://www.businesswire.com/news/home/20170519005473/en/

SOURCE: Kayne Anderson Capital Advisors, L.P.

Kayne Anderson Capital Advisors, L.P. 
David Iverson, 713-493-2001 
www.kaynecapital.com 
or 
Valorem Energy, LLC 
Justin Cope, 405-702-6991 
www.valorem-energy.com

Copyright Business Wire 2017

Please read the End User Agreement.
By accessing this page, you agree to the terms and conditions of the End User Agreement.

News provided by COMTEX.

Lt Crude 49.87
Nat Gas 3.295
Corn 374 2/8
Cotton #2 77.09
Gold 1266.7
Copper 2.5685
Euro 1.11935
USD Index 97.364
SP500 E-mini 2414.75
DJIA E-mini 21066
close_icon
open_icon