Investment Summary

White Deer Energy Invests In Quanah Panhandle

On November 1, 2016, private equity firm White Deer Energy invested in oil/gas exploration company Quanah Panhandle

Investment Highlights
  • This is White Deer Energy’s 4th transaction in the Oil/Gas Exploration sector.
  • This is White Deer Energy’s 12th transaction in the United States.
  • This is White Deer Energy’s 2nd transaction in Michigan.

Investment Summary

Date 2016-11-01
Target Quanah Panhandle
Sector Oil/Gas Exploration
Investor(s) White Deer Energy
Deal Type Stake Purchase

Target

Quanah Panhandle

Traverse City, Michigan, United States
Quanah Panhandle is an exploration and production company with operations in the Texas Panhandle region. Quanah Panhandle was founded in 2016 and is based in Traverse City, Michigan.

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Investor(S) 1

Investor

White Deer Energy

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2008
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

White Deer Energy is a specialist private equity investment group focused on the energy sector. White Deer targets equity investments of $25 to $100 million in companies active in oil and gas production, oil service and equipment manufacturing and midstream infrastructure. Prospective transaction situations include companies in need of capital for growth, companies with follow-on opportunities, or management teams looking to continue to operate their companies. The Firm prefers control or co-control positions. White Deer Energy was formed in 2008 and has offices in Houston, Texas and New York, New York.


DEAL STATS #
Overall 14 of 30
Sector: Oil/Gas Exploration M&A 4 of 6
Type: Stake Purchase M&A Deals 4 of 9
State: Michigan M&A 2 of 2
Country: United States M&A 12 of 27
Year: 2016 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-08 RockPile Energy Services

Denver, Colorado, United States

RockPile Energy Services LLC is a growth oriented oil services company providing engineered completions solutions to oil and gas exploration and production companies primarily in the Williston and Permian Basins. RockPile Energy Services was founded in 2011 and is based in Denver, Colorado.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-09 Crescent Companies

Oklahoma City, Oklahoma, United States

Crescent Companies is a diversified oilfield service company that operates through two primary business segments, Crescent Services and Crescent Consulting. Crescent Services is focused on fluid logistics and provides high and low volume water transfer services to facilitate drilling and hydraulic fracturing operations by pumping water directly to the well site. Crescent Services also offers environmental products and services including erosion control, liners, secondary containment and well site drop-off rentals. Crescent Consulting provides operators with drilling, completion and production professionals, well site supervisors and project specialists on a contract basis.

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