Trilantic Capital Partners and Ward Petroleum Corporation Form New Oil and Gas
Ward Energy Partners to Focus on Oil and Gas Resources in Oklahoma and
NEW YORK, July 24, 2014
NEW YORK, July 24, 2014 /PRNewswire/ -- Trilantic Capital Partners
("Trilantic"), a global private equity firm, and Ward Petroleum Corporation
("Ward") today announced their partnership in a newly formed oil and gas
exploration and production company, Ward Energy Partners ("WEP" or "the
Company"). WEP will focus operations in various basins in Oklahoma and Eastern
Colorado. Financial terms of the transaction were not disclosed.
"We are delighted to work with Trilantic in this venture. Their deep
experience in creating value within the energy sector will be a great asset to
us as we look to grow Ward Energy Partners," CEO Bill Ward commented. "We see
great potential in each of these liquid-rich basins and are excited to
capitalize on the opportunities ahead of us."
Ward Energy Partners will be led by CEO Bill Ward, a petroleum engineer with
over 30 years of experience in the mid-continent, as well as a sophisticated
management team with a strong track record of identifying and developing
resources in its target regions. Trilantic North America, Ward, and the
management team will commit significant equity capital to WEP to be used in
developing Ward's existing leasehold position as well as in acquiring
additional leaseholds in Oklahoma and Colorado.
"Ward is a great example of what we look for in a partner," said Christopher
Manning, Partner at Trilantic. "As a family-owned and operated company with a
stellar 50-year operating history, we are confident in the team's ability to
identify and successfully develop oil and gas resources in its target
The transaction follows Trilantic North America's investment in Fluid Delivery
Solutions in June and two recent exits by the firm: the sale of Enduring
Resources' Permian Basin assets and the IPO and secondary share sale of Antero
Resources Corporation. Trilantic has now committed in excess of $2.5 billion
to the energy sector.
Trilantic was represented by Vinson & Elkins. Hall Estill represented Ward.
About Trilantic Capital Partners
Trilantic is a private equity firm focused on control and significant minority
investments in North America and Europe, with a primary investment focus in
North America in the business services, consumer, energy and financial
services sectors. Trilantic currently manages five institutional private
equity funds with aggregate capital commitments of $6.2 billion. For more
information, visit www.trilantic.com.
About Ward Petroleum Corporation
Family-owned and founded 50 years ago, Ward is a diversified exploration and
production company based in Enid and Oklahoma City, Oklahoma and Fort Collins,
Colorado. Ward and its management team have discovered and developed
significant oil and gas resources across the US, with a primary focus in
Oklahoma. Ward prides itself on creating value for its stakeholders through
the responsible development of its resources. For more information, visit
Trilantic Capital Partners
Tel: 212.279.3115 ext 243
SOURCE Trilantic Capital Partners
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