Post Oak Capital Backs New Energy Firm Launch

Post Oak Energy Capital, L.P., a Houston-based private equity firm, closed an equity commitment to Ichthys Energy Partners, LLC from undisclosed funds managed by Post Oak.

Ichthys is an exploration and production company headquartered in Dallas that aims to capitalize on opportunities in the Permian Basin through a strategy focused on operated and non-operated leasehold acquisitions and strategic partnerships.

The leadership team brings substantial experience in the Permian Basin. Co-founders Michael Poynter and Will Weidig will serve CEO and CFO, respectively. Both executives have held leadership roles at prominent companies in the region, including Permian Resources.

“Continued industry consolidation is generating attractive opportunities for motivated entrepreneurs, and we look forward to working closely with the Ichthys management team to leverage both their deep-seated industry relationships as well as commercial creativity to prosecute successful outcomes during this unique time in the basin’s investment life cycle,” said Ryan Walsh, Post Oak director.

Established in 2006, Post Oak focuses on domestic investments in the upstream, midstream and oilfield services sectors of the energy industry. The move follows the firm’s recent equity commitments to other energy ventures, including Quantent Energy Partners in the Haynesville Shale region and Midway Energy Partners, also focused on the Permian Basin.