trending Market Intelligence /marketintelligence/en/news-insights/trending/Zw6j3WXGRkomAkS8C84m6w2 content esgSubNav
In This List

New Okla. producer gets $375M equity from Kayne Anderson, management

Blog

Middle East & Africa M&A by the Numbers: Q2 2021

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge

S&P Capital IQ Pro | Powered by Expert Insights


New Okla. producer gets $375M equity from Kayne Anderson, management

Oklahoma-based exploration and production company Panther Energy Co. III LLC secured a $375 million equity commitment from Kayne Anderson Energy Fund VIII LP, Panther III's management team and other co-investors to jump-start its process of hunting for oil and gas opportunities in the U.S.

Panther III was established to focus on oil resource plays, including the Permian and Mid-Continent regions, according to a Dec. 21 news release.

Panther III is led by Berry Mullennix as president and CEO and Roy Grossman as senior vice president and COO. Mullennix and Grossman previously headed Panther Energy Company II LLC, a portfolio company of Kayne Anderson Energy Fund VI LP, which divested its Delaware Basin assets in early 2017.

Kayne Anderson Capital Advisors LP's energy funds have raised more than $6.3 billion of committed capital for private equity investments in upstream and midstream oil and gas.