Investment Summary

Pearl Energy Investments Invests In Blackjack Natural Resources

On July 17, 2025, private equity firm Pearl Energy Investments invested in oil/gas exploration company Blackjack Natural Resources

Investment Highlights
  • This is Pearl Energy Investments’ 11th transaction in the Oil/Gas Exploration sector.
  • This is Pearl Energy Investments’ 12th transaction in the United States.
  • This is Pearl Energy Investments’ 1st transaction in Oklahoma.

Investment Summary

Date 2025-07-17
Target Blackjack Natural Resources
Sector Oil/Gas Exploration
Investor(s) Pearl Energy Investments
Deal Type Growth Capital
Advisor(s) Haynes and Boone (Legal)

Target

Blackjack Natural Resources

Oklahoma City, Oklahoma, United States
Blackjack Natural Resources is an upstream oil and gas company focused on acquiring and developing high-quality assets in the Mid-Continent region, including Oklahoma and Kansas. Blackjack Natural Resources was founded in 2025 and is based in Oklahoma City, Oklahoma.

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Investor(S) 1

Investor

Pearl Energy Investments

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2015
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Pearl Energy Investments is a private investment firm focused on the energy sector. Pearl looks to commit $50 to $150 million in partnership with management teams to invest in the lower-to-middle market North American upstream, midstream, and oilfield services sectors. Pearl Energy Investments was established in 2015 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 13 of 14
Sector: Oil/Gas Exploration M&A 11 of 12
Type: Growth Capital M&A Deals 9 of 9
State: Oklahoma M&A 1 of 1
Country: United States M&A 12 of 13
Year: 2025 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-12 Wild Basin Energy

Austin, Texas, United States

Wild Basin is a mineral and royalty acquisition company focused on acquiring minerals and royalties primarily in the Haynesville Basin in East Texas and Louisiana. Wild Basin Energy is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-15 Dragonfly Oil & Gas Partners

Midland, Texas, United States

Dragonfly Oil & Gas Partners is an upstream oil and natural gas exploration and production company focused on creating operated oil inventory in the Permian, MidCon, and South Texas. Dragonfly Oil & Gas Partners was founded in 2025 and is based in Midland, Texas.

Buy -