Investment Summary

Black Bay Energy Capital Invests In Capture Energy

On February 16, 2024, private equity firm Black Bay Energy Capital invested in energy services and equipment company Capture Energy

Investment Highlights
  • This is Black Bay Energy Capital’s 4th transaction in the Energy Services and Equipment sector.
  • This is Black Bay Energy Capital’s 9th transaction in the United States.
  • This is Black Bay Energy Capital’s 2nd transaction in Oklahoma.

Investment Summary
Date 2024-02-16
Target Capture Energy
Sector Energy Services and Equipment
Investor(s) Black Bay Energy Capital
Deal Type Growth Capital

Target

Capture Energy

Oklahoma City, Oklahoma, United States
Capture Energy is a technology-driven provider of patent-pending equipment solutions for oil & gas production facilities. The company's flagship product, the Capture Compressor, is designed to reduce producers’ emissions footprint without sacrificing operational efficiency or project economics, powered by energy already created on location – no electricity required, and zero emissions released. Capture Energy is based in Oklahoma City, Oklahoma.

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Investor(S) 1

Investor

Black Bay Energy Capital

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Focused
DESCRIPTION

Black Bay Energy Capital is an energy private equity firm focused on the North American oilfield service sector. Black Bay looks to invest up to $30 million of equity capital in businesses managed by talented entrepreneurs that provide a differentiated product or service to the industry. Black Bay Energy was established in 2016 and is headquartered in New Orleans, Louisiana.

DEAL STATS #
Overall 9 of 9
Sector (Energy Services and Equipment) 4 of 4
Type (Growth Capital) 5 of 5
State (Oklahoma) 2 of 2
Country (United States) 9 of 9
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-03 Merichem Technologies

Houston, Texas, United States

Merichem Technologies is a provider of sulfur treating solutions, including proprietary chemical catalysts and market-leading technologies. The Company’s capabilities include design, engineering, fabrication, R&D, and implementation of both chemical catalysts and mechanical solutions to treat sulfur and other impurities across many different industries and markets including renewables, gas treating, downstream and midstream as well as many others. Merichem Technologies is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-21 Piñon Midstream

Houston, Texas, United States

Piñon Midstream is a midstream services provider focused on sour gas treating and carbon capture in the Delaware Basin of New Mexico and West Texas. Piñon offers producers in the region a full menu of sour gas services that include field gathering and treating for removal of hydrogen sulfide (“H2S”) and carbon dioxide (“CO2”). Piñon Midstream was founded in 2020 and is based in Houston, Texas.

Sell $950M
Mergr

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