Triana Energy, Morgan Stanley ink partnership

By OGJ editors
HOUSTON, June 2 -- Morgan Stanley Private Equity, New York, has entered into a strategic partnership with and made the majority investment in private Triana Energy Investments LLC, Charleston, W.Va.

Triana Energy is a natural gas exploration and production company with operations focused on the Appalachian basin, including the Marcellus shale. This investment is intended to be the first step in a broader partnership as Triana Energy expands operations to become a leading North American energy company, Morgan Stanley said.

Triana Energy was founded by Chairman and Chief Executive Officer Henry Harmon in 2006. Harmon was previously president of Columbia Natural Resources Inc., the natural gas E&P subsidiary of Columbia Energy, a division of NiSource.

Columbia Natural Resources was acquired in 2003 by Harmon and his prior company, also called Triana Energy, and also with financial support provided by Morgan Stanley Private Equity through its Morgan Stanley Capital Partners IV fund.

This is Morgan Stanley Private Equity's second investment with Harmon and the Triana Energy management team and its fourth investment in the Appalachian basin. Morgan Stanley Private Equity pursued a similar investment strategy with the Triana Energy team in 2001-05 that concluded with a successful sale to Chesapeake Energy Corp. for more than $2.2 billion.

The current Triana Energy management team comprises senior executives from the prior company, including Harmon, Dick Beardsley, chief geoscientist, Shawn Casey, vice-president-land, Mark Chandler, chief financial officer, and Jim Dissen, vice-president-corporate development. It also includes Ray Prudnick, vice-president-operations, and Jim Jarrell, vice-president and general counsel.

Related Articles

Rex purchases 207,000 net acres from Shell in deal that increases Appalachian leasehold

10/16/2014 Rex Energy Corp. has signed a $120 million deal to acquire 207,000 net acres prospective to the Marcellus, Upper Devonian Burkett, and Utica shales...

Southwestern Energy to acquire Marcellus, Utica assets for $5.375 billion

10/16/2014 Southwestern Energy Co., Houston, has agreed to acquire assets in the southern Marcellus shale and a portion of the eastern Utica shale in West Vir...

People

08/13/2014

American Energy Partners LP has hired Jeffrey L. Mobley to serve as senior vice-president, major acquisitions.

Chesapeake, RKI E&P agree on Powder River acreage exchange

07/29/2014 Chesapeake Energy Corp. and RKI Exploration & Production LLC (RKI), both of Oklahoma City, have agreed to exchange nonoperated interests in 440...

Chesapeake to spinoff oil field services unit, divest $4 billion in assets

05/16/2014 Chesapeake Energy Corp., Oklahoma City, has decided to proceed with spinning off its oil field services business, currently conducted through its w...

Chesapeake mulls spinoff, sale of oil field services division

02/24/2014 Chesapeake Energy Corp. reported it is considering a potential spin-off to Chesapeake shareholders or an outright sale of Chesapeake Oilfield Servi...

Chesapeake Appalachia settles federal water pollution charges

12/19/2013 A Chesapeake Energy Corp. subsidiary agreed to spend $6.5 million to restore 27 sites damaged by unauthorized discharges of fill material into stre...

Chesapeake Midstream names chief operating officer

12/16/2009 Chesapeake Midstream Partners LLC (CMP), the recently formed 50-50 partnership of Global Infrastructure Partners LP and Chesapeake Energy Corp., na...

ExxonMobil to boost unconventional focus by acquiring XTO

12/14/2009 ExxonMobil Corp. has agreed to buy XTO Energy Inc. in an all-stock deal valued at $41 billion that will be part of a strengthened focus by the ener...

White Papers

AVEVA NET Accesses and Manages the Digital Asset

Global demand for new process plants, power plants and infrastructure is increasing steadily with the ...
Sponsored by

AVEVA’s Approach for the Digital Asset

To meet the requirements for leaner project execution and more efficient operations while transferring...
Sponsored by

Diversification - the technology aspects

In tough times, businesses seek to diversify into adjacent markets or to apply their skills and resour...
Sponsored by

Engineering & Design for Lean Construction

Modern marketing rhetoric claims that, in order to cut out expensive costs and reduce risks during the...
Sponsored by

Object Lessons - Why control of engineering design at the object level is essential for efficient project execution

Whatever the task, there is usually only one way to do it right and many more to do it wrong. In the c...
Sponsored by

Plant Design for Lean Construction - at your fingertips

One area which can provide improvements to the adoption of Lean principles is the application of mobil...
Sponsored by

How to Keep Your Mud System Vibrator Hose from Getting Hammered to Death

To prevent the vibrating hoses on your oilfield mud circulation systems from failing, you must examine...
Sponsored by

Duty of Care

Good corporate social responsibility means implementing effective workplace health and safety measures...
Sponsored by

Available Webcasts


On Demand

Optimizing your asset management practices to mitigate the effects of a down market

Thu, Dec 11, 2014

The oil and gas market is in constant flux, and as the price of BOE (Barrel of Oil Equivalent) goes down it is increasingly important to optimize your asset management strategy to stay afloat.  Attend this webinar to learn how developing a solid asset management plan can help your company mitigate costs in any market.

register:WEBCAST


Parylene Conformal Coatings for the Oil & Gas Industry

Thu, Nov 20, 2014

In this concise 30-minute webinar, participants have an opportunity to learn more about how Parylene coatings are applied, their features, and the value they add to devices and components.

register:WEBCAST


Utilizing Predictive Analytics to Optimize Productivity in Oil & Gas Operations

Tue, Nov 18, 2014

Join IBM on Tuesday, November 18 @ 1pm CST to explore how Predictive Analytics can help your organization maximize productivity, operational performance & associated processes to drive enterprise wide productivity and profitability.

register:WEBCAST


US HYDROCARBON EXPORTS Part 3 — LNG

Fri, Nov 14, 2014

US LNG Exports, the third in a trilogy of webcasts focusing on the broad topic of US Hydrocarbon Exports.

A discussion of the problems and potential for the export of US-produced liquefied natural gas.

These and other topics will be discussed, with the latest thoughts on U.S. LNG export policy.

register:WEBCAST


Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected