Beacon E&P, an independent oil and natural gas company headquartered in Denver, Colorado, has received USD150m in equity commitments from Kayne Anderson Energy Funds, BAML Capital Partners, management and other investors.
Beacon was formed in June 2009 by Jim Lightner, Rod Mellott and Stu Wagner.
Lightner previously served as chairman, president and chief executive officer of Tom Brown, which was acquired by EnCana in 2004, and was a founding partner of Orion Energy Partners.
Mellott previously served as vice president of land and business development at Tom Brown and was a founding partner of Orion.
Wagner was a founding partner of Petrie Parkman and most recently served as senior vice president of business development at Cheniere Energy.
The Beacon management team will collectively seek to assemble and develop a portfolio of onshore oil and natural gas assets in the US with a focus on unconventional plays requiring leading-edge drilling and completion technologies.
