Swordfish is an exploration and production company focused on acquiring and developing oil and gas assets in the Permian Basin
Permian-focused Swordfish Energy closes private equity commitment with Pearl Energy Investments. (Credit: James Armbruster from Pixabay)
Swordfish Energy Holdings, LLC (“Swordfish” or “The Company”) is pleased to announce the closing of an equity commitment from Dallas-based investment firm, Pearl Energy Investments (“Pearl”). Based in Houston, Texas, Swordfish is an exploration and production company focused on acquiring and developing oil and gas assets in the Permian Basin. The Swordfish management team is led by Marcos Briceno and Patrick Sherman who worked together at Advance Energy Partners in the Delaware Basin prior to forming Swordfish. The Company seeks to grow through a combination of asset acquisitions, farm-ins, joint ventures, and development partnerships targeting operated and non-operated leasehold and mineral interests.
“This is an exciting time to be well-capitalized and pursuing new opportunities. We look forward to leveraging our technical and operational expertise combined with Pearl’s financial strength and opportunistic investment style to move quickly and capture high quality producing assets and undeveloped horizontal acreage,” said Marcos Briceno, CEO of Swordfish.
“Marcos and Patrick bring years of experience successfully originating, developing, and monetizing assets in the Permian Basin through a private equity lens. We expect their differentiated approach to create successful outcomes even in competitive basins,” said Billy Quinn, Founder and Managing Partner of Pearl.
Advisors
Vinson & Elkins LLP served as legal advisor to Swordfish and Sidley Austin LLP served as legal advisor to Pearl in connection with the formation of Swordfish.
Source: Company Press Release