Grenadier Energy Partners, LLC
Grenadier I elected to align itself with two private equity partners with substantial experience in energy investments. Together with management, EnCap Investments L.P. and Kayne Anderson Capital Advisors committed to fund Grenadier I with $100 million of initial equity capital. Closing of this transaction took place on April 20, 2007. In December 2012, Grenadier I sold its Appalachian Basin assets to Statoil USA Onshore Properties, Inc.
Grenadier Energy Partners II, LLC
Grenadier’s partnership with EnCap Investments L.P., Kayne Anderson Capital Advisors, and management further expanded on July 30, 2012, creating Grenadier II with funding in the amount of $340 million. Additionally, Grenadier II established a $300 million credit facility with J.P. Morgan Chase Bank in 2013. Together, these funds were earmarked for new ventures and growth with an emphasis on “liquids rich” assets. Grenadier II established a position in the Midland Basin in 2016 and with the financial support of their private equity partners and a syndicate of energy lending banks led by J.P. Morgan Chase, built a significant company in Howard County that was sold to Moss Creek Resources in March, 2021.
Grenadier Energy Partners III, LLC
Grenadier III was launched on June 9, 2021 with an initial equity commitment of $350 million from management and long-time private equity partner, EnCap Investments L.P. Grenadier has continued its banking relationships with J. P. Morgan Chase Bank and Woodforest National Bank in The Woodlands, TX.