Casillas Petroleum Resource Partners LLC, Native Exploration Holdings LLC, and Acacia Exploration Partners LLC—Anadarko basin portfolio companies of Kayne Anderson Energy Funds, have been consolidated to form 89 Energy III LLC, Kayne Anderson said May 20.
The new company’s operating footprint consists of about 80,000 net acres across Oklahoma, with some 21,000 net boe/d of production. 89 Energy III will manage the assets of Triumph Energy Partners LLC, which consists of 15,000 net acres in STACK with some 6,500 net boe/d of production (OGJ Online, Oct. 9, 2016; Apr. 26, 2016).
With the consolidation, the new company closed on a new syndicated credit facility and received additional equity contributions from energy private equity funds managed by Kayne Anderson.
John-Mark Beaver will serve as president and chief executive officer.