HOUSTON--(BUSINESS WIRE)--Millennial Energy Partners, LLC (“Millennial”) announced today that it has closed Millennial PDP Fund V, LP (“Fund V”) through a private placement conducted under Regulation D. Millennial has organized Fund V primarily to acquire non-operated oil and gas working interests in various basins throughout the United States. Fund V will focus on leasehold and production acquisitions, strategic partnerships with operators and organic leasing opportunities ranging from $1 million to $30 million.
Since January 2013, Millennial principals have invested in non-operated oil and gas working interests in Texas, Louisiana and Wyoming through previous managed funds. Fund V is a continuation of this non-operated acquisition and development strategy.
Millennial is led by principals Drew Scoggins, Chief Executive Officer; Mike Roth, President and Chief Operating Officer; Phillip Gayle, Executive Vice President; and Martin Houston, Non-Executive Chairman.
Bracewell & Giuliani LLP provided legal representation to Millennial in connection with the closing of Fund V, led by partner Michael D. Piazza and associate Clay Brett.
About Millennial Energy Partners, LLC
Millennial Energy Partners, LLC acquires and develops high-quality non-operated oil and gas assets in the United States. Millennial strives to be a partner of choice for operators in both unconventional and conventional basins.
We are committed to a high standard of integrity, fueled by a spirit of entrepreneurship, and strive to build a highly profitable company guided by a new generation of energy professionals. For additional information, please visit www.millennialenergy.com.
Millennial is actively seeking prospect submittals, joint venture opportunities and non-operated producing or non-producing leasehold and development opportunities. Please submit by e-mail to email@example.com.