Monadnock Resources has secured a USD100 million equity commitment from Kayne Anderson Energy Funds and members of the firm’s management team.
Monadnock is being formed to target the acquisition and development of oil and natural gas assets in North America.
Monadnock is a newly formed independent oil and gas company headquartered in Dallas, Texas. The Monadnock management team is led by Matt Gentry, President and CEO; Adam Howard, Vice President of Engineering; David Williamson, Vice President of Geoscience; and Kelli Roach, Vice President and General Counsel. Management has extensive technical and operational experience across several North American basins. Prior to forming Monadnock, members of management most recently served in senior leadership positions in private companies.
Monadnock’s President and CEO, Matt Gentry, says: “We wanted to partner with an equity provider that shows strength, integrity and pragmatism. With Kayne Anderson, we receive exactly that, along with a track record of successfully backing and aiding management teams. Monadnock is delighted to partner with Kayne Anderson and looks forward to a mutually prosperous relationship.”
Mike Heinz (pictured), Managing Partner at Kayne Anderson, says: “We are very excited to partner with Monadnock, as the founders have an outstanding track record of identifying oil and gas projects with significant upside potential. Our investment in Monadnock highlights our strategy of making commitments to proven management teams with unique insights that create competitive advantages.”
