Austin-based Greenlake Energy announced last week the formation of Greenlake Energy II, its newest exploration and production platform, backed by more than $200 million in equity commitments from NGP Energy Capital Management and Greenlake’s management. Greenlake II is led by president and CEO Matt Gallagher, who previously served as CEO of Parsley Energy until its sale to Pioneer Natural Resources in 2021. Management successfully drilled more than 60 horizontal wells in Delaware Basin, including completion of three U-shaped horizontal wells.
Gallagher said May 6, “We are positioned to execute a disciplined, multi-basin growth strategy. Our modern operator mindset gives Greenlake a distinct advantage in today’s energy landscape.” Greenlake remains focused on growth opportunities in Permian Basin and other core basins in North America.
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