Post Oak Energy Capital Announces Sale of Switchgrass E&P Holdco, LLC

HOUSTON--(BUSINESS WIRE)--Post Oak Energy Capital, LP (“Post Oak”) today announced the sale of Switchgrass E&P Holdco, LLC (“Switchgrass”), an oil and gas operator focused primarily on Oklahoma’s SCOOP play.

During Post Oak’s partnership with the company, Switchgrass assembled a significant producing position in the SCOOP and built a substantial inventory of future drilling opportunities, creating meaningful value through strategic acquisitions and efficient operations.

“We have greatly enjoyed working with Tom Thurmond and the entire Switchgrass team as they successfully executed their strategy of acquiring, efficiently operating and expanding the asset base,” said Frost Cochran, Managing Director of Post Oak. “We appreciate their hard work and accomplishments and look forward to continuing our relationship with the team as they pursue their next venture.”

“Switchgrass is grateful for the confidence Post Oak placed in our team and for their continual support and partnership throughout this venture,” said Tom Thurmond, Chief Executive Officer of Switchgrass. “Together we created significant value in a relatively short period of time. Personally, I am especially appreciative of my longstanding relationship with Post Oak and the commitment they have shown in actively supporting our team’s success. This concludes the second Post Oak-backed venture which I’ve led, and I look forward to working together again and building the next profitable opportunity.”

Sidley Austin LLP served as legal advisor to Post Oak in connection with the sale.

About Post Oak Energy Capital

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.