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Newton Energy Partners Secures $75 million Equity Committment
September 4, 2010
HOUSTON – Newton Energy Partners, LLC (“Newton”), an independent oil and natural gas company headquartered in Houston, Texas, is pleased to announce the company has received a $75 million equity commitment from Kayne Anderson Energy Funds (“Kayne Anderson”) and management. Newton was founded in September 2010 by Bud Newton to acquire and develop oil and natural gas properties with identifiable upside in the Permian Basin, Mid-Continent and onshore Gulf Coast regions.
Previously, Mr. Newton served as Division Manager for the Gulf of Mexico for Hilcorp Energy Company (“Hilcorp”). During his tenure with Hilcorp, Mr. Newton led Hilcorp’s entry into the Eagle Ford shale, Hilcorp’s initial acquisition in the Gulf of Mexico, and was responsible for Hilcorp’s West Louisiana assets. Prior to joining Hilcorp, Mr. Newton was a reservoir engineer and supervisor of Samedan Oil Corporation, a wholly owned subsidiary of Noble Energy. Mr. Newton has over 27 years of industry experience with an emphasis on technical evaluation and operational execution.
About Kayne Anderson Energy Funds
Established in 1998, Kayne Anderson Energy Funds manage $2.7 billion of committed capital for energy private equity investments. With offices in Houston, Texas and Los Angeles, California, Kayne Anderson invests private capital primarily in high-growth oil and gas companies.