Battlecat Oil & Gas
A private company focused on the acquisition and development of upstream oil and gas assets.
| Date | Investors | Amount | Round |
|---|---|---|---|
$220m | Growth Equity non VC | ||
| Total Funding | 000k | ||
Battlecat Oil & Gas, LLC was a privately held exploration and production (E&P) company established in 2013, with its headquarters in Houston, Texas. The firm's strategic focus was on the acquisition and development of upstream oil and gas assets, primarily targeting opportunities within the South Texas region. The business model centered on leveraging the management team's extensive technical and operational expertise to exploit resources in formations such as the Eagle Ford shale.
The company was founded by a team of seasoned industry professionals, including Managing Directors Mark Semmelbeck and Kurt von Plonski, who had a history of successfully building and selling oil and gas ventures together. Their collective experience, particularly in the unconventional resources of South Texas, formed the core of Battlecat's operational strategy. This leadership was complemented by a management team with over 200 years of combined experience in the region.
In December 2014, Battlecat secured a significant equity commitment of up to $220 million from a consortium of investors, including Lime Rock Partners and Wells Fargo Energy Capital, alongside the company's own management. This capital infusion was earmarked to initiate a drilling program in early 2015, targeting a substantial leased position in the Eagle Ford's oil window. The company's operations involved identifying, acquiring, and developing oil and gas properties, with a production history recorded between October 2014 and July 2017. Ultimately, Battlecat Oil & Gas was acquired by a publicly-traded E&P company in June 2017, marking the successful exit for its founders and investors.
Keywords: oil and gas exploration, upstream assets, E&P company, South Texas energy, Eagle Ford shale, oil and gas development, energy investment, Houston oil company, private E&P, acquisition and development, unconventional resources, energy exploration, asset monetization, oil drilling program, petroleum exploration, natural gas assets, energy sector finance, hydrocarbon production, oilfield development, energy asset management