Outrigger Energy to Continue Development of Midstream Opportunities in West Texas, Rockies, and Mid-Continent Following Commitment Led by Denham Capital
Denver, CO – June 12, 2014 – Outrigger Energy announced today that it has secured an equity commitment from energy and resources-focused global private equity firm, Denham Capital, and private investor, Brion G. Wise. The Denver-based, private company is focused on the design, construction, operation and acquisition of midstream assets in the Permian Basin of West Texas, the Rockies, and Mid-Continent.
Outrigger is led by Dave Keanini – President and Chief Executive Officer, Amit Jhunjhunwala – Senior Vice President, Chief Financial Officer, and Brian Jeffries – Senior Vice President, Business Development. Mr. Keanini has over 25 years of experience in the oil and gas space and previously served as President and Chief Operating Officer of Bear Tracker Energy where he was instrumental in the greenfield sourcing, design and development of the company’s assets in North Dakota’s Bakken shale and Colorado’s Niobrara shale before its sale. Prior to that role, he was the General Manager of Rockies Midstream for Anadarko Petroleum Corporation. Prior to joining Outrigger, Mr. Jhunjhunwala spent 13 years in the midstream investment banking sector and most recently served as a Managing Director in Citigroup’s Global Energy Group. Mr. Jeffries brings more than two and half decades of experience in the pipeline industry to Outrigger, and currently serves as Executive Director of the Wyoming Pipeline Authority.
“The continued increase in activity within emerging resource plays is creating a need for midstream services unlike anything that has ever been seen in the U.S.,” said Keanini. "Partnering with Denham Capital and Brion Wise will enable Outrigger to successfully capitalize on these high-growth, long-term development opportunities with our producer customers, as well as further expand our efforts already under way.”
About Outrigger Energy
Outrigger Energy is a private, full service midstream energy company specializing in greenfield project development with a current focus in liquid-rich natural gas and crude oil basins in the Permian Basin of West Texas, the Rockies, and Mid-Continent areas. For more information, please visit www.outriggerenergy.com.
About Denham Capital
Denham Capital is a leading energy and resources-focused global private equity firm with more than $7.9 billion of invested and committed capital across seven fund vehicles and offices in Houston, London, Boston, São Paulo and Perth. The firm makes direct investments in the energy and resources sectors, including businesses involving oil and gas, power generation, and mining, across the globe and all stages of the corporate lifecycle. Denham’s investment professionals apply deep operational and industry experience and work in partnership with management teams to achieve long-term investment objectives.
About Brion G. Wise
Brion G. Wise is a private investor and has over 35 years of experience in the oil and gas industry. Mr. Wise founded Western Gas Resources, Inc. in 1971 and served the company in various executive and board positions until its sale to Anadarko Petroleum Corp. in 2006 for $5.3 billion.