Asset A&D

Fulcrum Energy Capital Acquires Gas Assets in Wyoming

By Shriya Bhargava
October 13, 2020
a minute read
Gas Flare

Private investment firm Fulcrum Energy Capital Funds has entered into an agreement with an unnamed seller to acquire certain natural gas assets in Wyoming, for an undisclosed consideration.

The assets were acquired out of a bank foreclosure process, and include approximately 100 producing wells, 12 miles of gathering infrastructure, a compressor station, and a hydrocarbon liquids extraction plant. The associated infrastructure also offers access to two central natural gas delivery points.

Fulcrum stated that current cash-flow from the acquired assets will provide immediate value to its portfolio, with additional upside already identified. The company believes there are opportunities to create greater efficiency and reduce operating costs, which will create significant improvement to the asset cash flow for a small capital investment.

“Our strategy of opportunistically investing in undervalued assets and optimizing them continues to generate attractive returns for the firm. Our deep understanding and network within the industry allows us to leverage privately-negotiated investment opportunities regardless of our position within the commodity cycle. This most recent acquisition is one example of that, and we continue to examine a number of other deals we believe could offer similarly attractive opportunities for Fulcrum,” said the company’s President, Brad Morse.

Denver-based Fulcrum is focused on direct lower middle market oil & gas investment opportunities in North America, and currently manages more than US$100 million in committed capital. The firm targets privately-negotiated, structured equity, credit, and asset-level investments.

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