TPH advises Black Falcon Energy and EIG on sale of multi-basin non-operated working interests to Caliber Resource Partners

Tudor, Pickering, Holt & Co. served as financial advisor to Jamestown Resources, Larchmont Resources, and Pelican Energy, companies managed by Black Falcon Energy and backed by EIG and other investors on the sale of entities owning non-operated working interests to entities controlled by Caliber Resource Partners, LLC, a Quantum Energy Partners portfolio company. The acquisitions closed in December 2021. The assets originated from the Founders Well Participation Program where the late Aubrey McClendon, as CEO of Chesapeake Energy, earned an undivided and un-carried 2.5% working interest in each well drilled by Chesapeake and the respective drilling unit across all of Chesapeake’s assets from 2009 to 2014. The entities include interests in over 5,000 producing wells across Utica, Marcellus, Haynesville, and Eagle Ford.