Post Oak Energy Capital Announces Sale of UpCurve Energy Assets

HOUSTON--(BUSINESS WIRE)--Post Oak Energy Capital, L.P. (“Post Oak”) today announced the sale of the assets of UpCurve Energy Partners I and II. The transaction includes substantially developed oil and gas assets located in the Southern Delaware Basin in West Texas, consisting of mature oil-weighted production and associated leasehold acreage. The monetization reflects Post Oak’s continued focus on active portfolio management and strategic capital allocation across its energy investment platform.

“UpCurve developed a meaningful operated position in the southern Delaware Basin underpinned by established production and infrastructure,” said Post Oak Director Ryan Walsh. “With the asset base now substantially developed, we determined this transaction represented an appropriate opportunity to monetize the business in the current commodity environment while we continue to direct capital toward growth-oriented strategies across the Permian Basin.”

TPH&Co, the energy business of Perella Weinberg Partners, served as the financial advisor and Latham & Watkins LLP served as legal advisor to Post Oak in connection to the sale.

About Post Oak Energy Capital, L.P.

Founded in 2006, Post Oak Energy Capital, LP, is a Houston-based private equity firm focused on the North American Energy sector. The firm’s senior leadership brings extensive industry experience, complemented by a team of investment professionals with deep networks and expertise across equity investments, operations, development, finance, acquisitions and divestitures. Post Oak primarily targets private investments in the upstream and minerals & royalty sectors and has raised over $3 billion of capital across five funds since its inception. For more information, visit: www.postoakenergy.com.