Houston-based private equity firm Post Oak Energy Capital said last week it completed an equity commitment to newly formed Ichthys Energy Partners, a Dallas-based exploration and production firm. Ichthys will seek to execute a growth strategy focused on operated and non-operated leasehold acquisitions and strategic partnerships in Permian Basin.
Michael Poynter, CEO of Ichthys, said Oct. 3, “Leveraging our strong relationships in the Permian will position Ichthys to move quickly and creatively to successfully capture opportunities.” Will Weidig, CFO, added, “We believe that our collective experience aggregating, developing and monetizing assets in the Permian Basin – combined with Post Oak’s area expertise – will position Ichthys to execute our growth strategy and generate attractive risk-adjusted returns for our investors.”