Add-on Acquisition • Oil/Gas Exploration

Colgate Energy Acquires Luxe Energy

On June 2, 2021, Colgate Energy acquired oil/gas exploration company Luxe Energy from NGP

Acquisition Context
  • This is Colgate Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Colgate Energy’s 1st transaction in the United States.
  • This is Colgate Energy’s 1st transaction in Texas.

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M&A Deal Summary

Date June 2, 2021
Target Luxe Energy
Sector Oil/Gas Exploration
Buyer(s) Colgate Energy
Sellers(s) NGP
Deal Type Add-on Acquisition

Target Company

Luxe Energy

Austin, Texas, United States
Luxe Energy is an oil and gas company based in Austin, Texas.
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Buyer Overview 1

Buyer

Colgate Energy

Midland, Texas, United States

Category Company
Founded 2015
Sector Oil/Gas Exploration
DESCRIPTION

Colgate Energy is an exploration and production company, focused on acquiring and developing oil and gas properties in the Permian Basin. Colgate Energy was founded in 2015 and is based in Midland, Texas.


Deal Context for Buyer #
Overall 1 of 1
Sector: Oil/Gas Exploration 1 of 1
Type: Add-on Acquisition 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1

Seller Profile 1

SELLER

NGP

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Natural Gas Partners is a specialist private equity firm focused on investments in the energy industry. The Firm looks for opportunities in oil and gas production, as well as midstream and oilfield service companies. Natural Gas Partners will also consider start-up company investments. The Firm's investments range from $20 to $100 million. Natural Gas Partners is an affiliate of energy investment firm NGP Energy Capital Management. The Group was formed in 1988 and is headquartered in Irving, Texas with additional offices in Houston; Santa Fe, New Mexico; Stamford, Connecticut; and London.


Deal Context for Seller #
Overall 13 of 16
Sector: Oil/Gas Exploration 9 of 11
Type: Add-on Acquisition 3 of 4
State: Texas 9 of 10
Country: United States 12 of 15
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-26 Mesa Minerals Partners II

Houston, Texas, United States

Mesa Minerals Partners II is a mineral and royalty acquisition company. Mesa Minerals Partners II is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-25 LevelTen Energy

Seattle, Washington, United States

LevelTen Energy is a provider of Renewable Transaction Infrastructure. The LevelTen Platform connects renewable energy buyers, advisors and sellers online, and gives them the tools and services they need to get better deals done faster. LevelTen Energy was founded in 2016 and is based in Seattle, Washington.

Buy -