IRVING, Texas--(BUSINESS WIRE)--Natural Gas Partners (“NGP”), the leading private equity firm in the energy industry, is pleased to announce that Christopher D. Ray has been promoted from Principal to Managing Director effective immediately. Mr. Ray joined the firm in 2003 and presently functions as NGP’s general counsel.
Furthermore, the firm is also pleased to announce the addition of Raymond G. Edgar and Thomas J.N. Verhagen to the firm. Messrs. Edgar and Verhagen join Natural Gas Partners as Principals. They will concentrate on NGP’s transaction analysis and execution as well as monitoring of active portfolio companies.
Prior to joining NGP, Mr. Edgar was a Managing Director for GE Energy Financial Services, where his most recent positions were Head of Underwriting and Portfolio Manager for the company’s oil and gas equity investment business. During his 9 years with GE, Mr. Edgar was also involved in the management of domestic and international investments in the energy, telecom, transportation and industrial sectors. Prior to joining GE, Mr. Edgar served as a Field Artillery Officer in the U.S. Army. He received a B.S. in Aerospace Engineering from the U.S. Military Academy and an M.B.A. from Columbia Business School.
Prior to joining NGP, Mr. Verhagen spent 11 years with Oceaneering International Inc., most recently as a Director of commercial operations of the company's Western Region. Before this position, Mr. Verhagen progressed through a variety of roles in the company in engineering, operations, management, administration and business development. His responsibilities resulted in various assignments in North and South America, Asia and Europe. Before joining Oceaneering International Inc., Mr. Verhagen spent 4 years in field engineering roles related to oil and gas field developments in Europe and North America. Mr. Verhagen grew up in the Netherlands, and received a Masters degree in Civil Engineering from Delft University, the Netherlands, and an M.B.A. from the University of Texas at Austin.
Managing Partner, William Quinn, explained, “We are excited by this opportunity to continue building our team of outstanding transaction specialists. Ray and Thomas’ experience and unique skill sets will further our position as the premier equity sponsor in the energy industry.”
Founded in 1988, Natural Gas Partners is a multi-billion dollar family of funds that invests private equity capital in oil and gas production, service and selected midstream companies. Natural Gas Partners is an affiliate of NGP Energy Capital Management, a $5 billion firm that invests in all sectors of the energy industry through its investment vehicles - Natural Gas Partners and its related co-investment funds, NGP Midstream and Resources, L.P., NGP Capital Resources Company and NGP Energy Technology Partners, L.P.