What is APR Operating?
Admiral Permian Resources, operating as APR Operating, is a privately held exploration and production company. It focuses on acquiring and developing high-quality oil and gas assets within the Permian Basin. The company leverages advanced geotechnical analysis and cutting-edge drilling technologies to maximize value from its oil-rich resource plays. With a seasoned team possessing decades of experience, Admiral prioritizes profitable growth and capital efficiency, maintaining a strong commitment to safety and community engagement. Their target clientele includes investors and partners in the oil and gas sector seeking reliable and efficient operations in a prolific hydrocarbon region.
How much funding has APR Operating raised?
APR Operating has raised a total of $600M across 1 funding round:
Private Equity
$600M
Private Equity (2017): $600M with participation from Riverstone Holdings and Pine Brook Partners
Key Investors in APR Operating
Riverstone Holdings
Riverstone Holdings is a management firm founded in 2000, specializing in private market investments within the energy, power, and infrastructure sectors. Headquartered in New York City, they focus on strategic capital deployment in the energy industry.
Pine Brook Partners
Pine Brook Partners is an investment firm dedicated to building successful businesses through sector-specific expertise and a growth-oriented strategy. They partner with companies poised for significant expansion, offering both capital and strategic guidance.
What's next for APR Operating?
The substantial enterprise-level funding, including the recent strategic investment, positions APR Operating for significant expansion and operational enhancement. This capital infusion is expected to fuel further acquisition and development of high-quality oil and gas assets in the Permian Basin. The company's focus on advanced technologies and capital efficiency suggests a strategy geared towards maximizing returns and solidifying its market presence. Future endeavors will likely involve continued strategic partnerships and a commitment to operational excellence, reinforcing their role as a key player in North America's energy landscape.
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