Sabinal Energy, an independent oil and natural gas company headquartered in The Woodlands, Texas, has received a USD300 million equity commitment from Kayne Private Energy Income Fund and members of the management team.
Sabinal is a private exploration and production company formed to pursue the acquisition and development of large, long-life producing oil and gas assets primarily in the Rockies, Mid-Continent and Texas where members of management have extensive operational and development experience.
Sabinal is led by president and CEO Bret Jameson. Jameson most recently served as chief operating officer for privately held and South Texas focused Lewis Energy, and as vice president for the Anadarko Basin Business Unit for Devon Energy, where he managed over 600 MMcfe/d and an annual budget of USD850 million.
Sabinal’s senior management team also includes Chris McMahon as executive vice president – technical, Dan Higdon as executive vice president – land, both of whom worked with Jameson at Devon, and Jeff Gutman as executive vice president and CFO.
“We are excited to be partnering with Kayne,” says Jameson. “We believe that our team’s broad technical and operational experience alongside the technical and financial expertise of Kayne Anderson will provide an exceptional opportunity to take advantage of the current market environment.”
Danny Weingeist, managing partner at Kayne, says: “Bret and his team have an excellent track record of leading large teams and managing substantial producing assets. We are very pleased to be partnering with the Sabinal team.”
