Investment Summary

Carnelian Energy Capital Invests In Driftwood Energy

On October 25, 2017, private equity firm Carnelian Energy Capital invested in oil/gas exploration company Driftwood Energy

Investment Highlights
  • This is Carnelian Energy Capital’s 5th transaction in the Oil/Gas Exploration sector.
  • This is Carnelian Energy Capital’s 5th transaction in the United States.
  • This is Carnelian Energy Capital’s 4th transaction in Texas.
Investment Fate
  • Driftwood Energy was sold to a publicly-traded strategic buyer in 2023 for 128M USD.

Investment Summary
Date 2017-10-25
Target Driftwood Energy
Sector Oil/Gas Exploration
Investor(s) Carnelian Energy Capital
Deal Type Growth Capital

Target

Driftwood Energy

Dallas, Texas, United States
Driftwood Energy is an independent oil and natural gas company that focuses on acquiring, developing, and operating unconventional properties in the Permian Basin. Driftwood Energy is based in Dallas, Texas.

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Investor(S) 1

Investor

Carnelian Energy Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2015
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

Carnelian Energy Capital is a private investment firm focused on the North American upstream, midstream, and oilfield services sectors of the energy sector. Carnelian Energy Capital was established in 2015 and is headquartered in Houston, Texas.

DEAL STATS #
Overall 5 of 17
Sector (Oil/Gas Exploration) 5 of 14
Type (Growth Capital) 5 of 17
State (Texas) 4 of 10
Country (United States) 5 of 15
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-22 Shot Hollow

Fort Worth, Texas, United States

Shot Hollow is an independent oil and natural gas company that focuses on acquisition and optimization opportunities in select onshore basins in North America, with an initial emphasis on the Mid-Continent, North Texas, and South Texas regions. Shot Hollow is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-05 Catena

Houston, Texas, United States

Catena is an independent oil and natural gas company focused on acquiring, developing, and operating unconventional properties across North America. Catena was founded in 2018 and is based in Houston, Texas.

Buy -
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