Grenadier Energy Partners, LLC has elected to align itself with two private equity partners with substantial experience in energy investments. Together with management, EnCap Investments, LP, and Kayne Anderson Capital Advisors committed to fund Grenadier Energy Partners I with $100 million of initial equity capital. Closing of this transaction took place on April 20, 2007. In December 2012, Grenadier Energy Partners sold its Appalachian Basin assets to Statoil USA Onshore Properties, Inc.
Grenadier’s partnership with EnCap Investments, LP, Kayne Anderson Capital Advisors, and management further expanded on July 30, 2012, creating Grenadier Energy Partners II with funding in the amount of $340 million. Additionally, Grenadier II has established a $300 million credit facility with J.P. Morgan Chase Bank. Together, these funds were earmarked for new ventures and growth with an emphasis on “liquids rich” assets. Grenadier’s current banking relationships are with the aforementioned J. P. Morgan Chase Bank and with Woodforest National Bank in The Woodlands, Texas.