New Houston-based company Indianola Energy LLC received a $100 million equity commitment from its management team and Kayne Anderson Capital Advisors LP-managed fund Kayne Anderson Energy Fund VIII LP to pursue its new upstream strategy.
Formed this year, Indianola Energy aims to help producers draw value from undeveloped properties in highly-proven resource plays in North America through acquisitions and partnership structures that would provide capital and an execution team to producers.
The company's management team is led by Partner and CEO Chapman Amend, who held executive positions at oil and gas companies operating in the STACK and Eagle Ford shale plays, and Partner Todd Burgamy, who served as senior vice president for the energy private equity group at Kayne Anderson, according to an Aug. 20 news release.
