What is APR Operating?
Admiral Permian Resources, operating as APR Operating, is a privately held entity dedicated to the acquisition and development of prime oil and gas assets within the Permian Basin. The company distinguishes itself through the application of advanced geotechnical analysis and state-of-the-art drilling technologies, aiming to maximize value extraction from its oil-rich resource plays. With a seasoned team possessing decades of industry experience, APR Operating places a strong emphasis on profitable growth and capital efficiency, while upholding a steadfast commitment to safety and community engagement. Their operational focus is designed to attract investors and partners in the oil and gas sector who are seeking dependable and efficient operations in a highly productive hydrocarbon area.
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 Pine Brook Partners and Riverstone Holdings
Key Investors in APR Operating
Pine Brook Partners
Pine Brook Partners is an investment firm focused on building great businesses from innovative ideas. They employ a growth strategy that emphasizes sector-specific expertise and aim to partner with companies that have the potential for significant growth.
Riverstone Holdings
Founded in 2000 and headquartered in New York City, New York, Riverstone Holdings is a management firm that invests in private markets within energy, power, and infrastructure.
What's next for APR Operating?
The substantial enterprise-level funding and recent strategic investment indicate that APR Operating is likely in a scaling phase, poised for significant expansion of its operational footprint and asset portfolio within the Permian Basin. This capital infusion is expected to fuel further acquisitions, enhance drilling technology adoption, and potentially broaden the company's market reach. The focus on capital efficiency suggests a strategic approach to growth, prioritizing profitable development and sustainable operations. APR Operating's commitment to safety and community further solidifies its position as a responsible and reliable player in the energy sector, likely attracting further strategic partnerships and investment as it continues to execute its growth strategy.
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