Kayne Anderson-backed Sabinal Energy buys West Texas assets from Chevron
Sept. 13, 2017
Sabinal Energy LLC,
The Woodlands, Tex., has acquired assets comprising 7,500 boe/d of
production and covering 66,500 net acres in Hockley, Terry, and Gaines
counties in Texas, part of the Central Basin Platform and Northern
Shelf, from Chevron USA Inc.
Sabinal Energy LLC, The Woodlands, Tex., has acquired assets comprising 7,500 boe/d of production and covering 66,500 net acres in Hockley, Terry, and Gaines counties in Texas, part of the Central Basin Platform and Northern Shelf, from Chevron USA Inc.
Sabinal was founded in 2016 with a $300-million equity commitment from Kayne Private Energy Income Fund LP. In addition to Texas, Sabinal is focused on the Midcontinent region, San Juan basin, and Rockies.
The company is led by Bret Jameson, president and chief executive officer and former chief operating officer of Lewis Energy Group LP. Chris McMahon serves as vice-president, technical; and Dan Higdon is executive vice-president, land.
