W Energy Partners has been formed as an exploration and production company seeking to acquire nonoperating working interest in acreage and production in the Williston basin.
W Energy Partners has been formed as an exploration and production company seeking to acquire nonoperating working interest in acreage and production in the Williston basin.
Crestview Partners III LP, New York, and affiliated private equity funds will invest as much as $150 million in W Energy, which is based in Dallas.
John Wunderlick, the new company’s chief executive officer, formed a predecessor company, W North Fund LP, in 2011. Earlier he worked in land and business development at Petro-Hunt LLC.
Shane Hannabury, W Energy president, was a partner in the predecessor company and earlier worked as an investor at EnCap Investments.
