Investment Summary

Natural Gas Partners Invests In Wing Resources

On August 1, 2016, private equity firm Natural Gas Partners invested in metals/mining company Wing Resources

Investment Highlights
  • This is Natural Gas Partners’ 1st transaction in the Metals/Mining sector.
  • This is Natural Gas Partners’ 32nd transaction in the United States.
  • This is Natural Gas Partners’ 21st transaction in Texas.

Investment Summary
Date 2016-08-01
Target Wing Resources
Sector Metals/Mining
Investor(s) Natural Gas Partners
Deal Type Growth Capital

Target

Wing Resources

Dallas, Texas, United States
Wing Resources is a Permian Basin focused mineral and royalty acquisition company. Wing's assets cover more than 200,000 gross and over 4,000 wells throughout the Midland Basin and Delaware Basin of West Texas and New Mexico. Wing’s long-term investment strategy allows it to offer large lump-sum payments up front. Wing is different from most traditional brokers, which lack both the capital resources and investment horizon to be able to offer mineral owners a fair deal for their assets. Wing Resources was founded in 2016 and is based in Dallas, Texas.

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Investor(S) 1

Investor

Natural Gas Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 20.0B 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 STATS #
Overall 38 of 59
Sector (Metals/Mining) 1 of 2
Type (Growth Capital) 15 of 23
State (Texas) 21 of 29
Country (United States) 32 of 51
Year (2016) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-01 Lobo II

Dallas, Texas, United States

Lobo II is a midstream oil and gas company. Lobo II is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-01 Confluence Resources

Denver, Colorado, United States

Confluence Resources is an oil and natural gas acquisition and development company focused on the DJ Basin. Confluence Resources was founded in 2016 and is based in Denver, Colorado.

Buy -
Mergr

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