Closed funding for High River Resources successfully reached $205 million in its expansion.
In a significant move, High River Resources Management has successfully closed High River Resources II, LP, raising approximately $205 million. This fund, formed with legal counsel from Akin Gump Strauss Hauer & Feld, marks a new chapter for the company [1].
With this newfound capital, High River Resources has already made its first acquisition, securing producing oil and gas assets in the Texas Panhandle Field. The firm is now poised to seek further opportunities in core U.S. regions, aiming to build upon its prior successes in a dynamic energy market [1].
High River Resources specialises in acquiring and optimising high-quality oil and gas assets requiring $25 to $200 million of equity. However, the company also has the capacity for larger transactions through co-investments [1]. The firm's strategic approach leverages an affiliated operating company for operational expertise and value creation, ensuring a focus on optimising producing assets to generate attractive risk-adjusted returns for investors.
The fund's successful closing is a testament to the strength of the High River Resources team and operating company. Managing Partners Robert Vaughn, Andrew Imel, and Perry Cunningham expressed their gratitude for the continued support from existing relationships and new investors across the country [1].
No specific acquisition targets or regions beyond those "near existing operations and other core areas across the U.S." have been disclosed publicly at this time [1]. However, the firm's success positions it well to continue its growth trajectory in the U.S. energy sector.
[1] Information sourced from official announcements made by High River Resources Management.
High River Resources, with the $205 million raised from High River Resources II, LP, plans to invest in core U.S. regions, specifically the Texas Panhandle Field, and seeks further opportunities in the energy sector, given their success in acquiring and optimizing high-quality oil and gas assets. The strategic approach of High River Resources involves leveraging an affiliated operating company for operational expertise and value creation, focusing on producing assets in the energy market to generate attractive returns for investors.
