79x Bagger for Lime Rock

This Little-Known Private-Equity Firm Booked a 79-Fold Return; Eni sells $3.2B stake in its biofuels business to KKR; Transocean explores Seadrill merger amid rising offshore activity.

Author

Rob Quigley
October 25, 2024

Good morning! WSJ wrote a shocked article about the success of CrownRock and Lime Rock. 79x bagger for Lime Rock. Not too bad for their LP's. Not too bad for the Texas Tech football department either. Eni is selling 25% stake in their biofuel business to KKR for $3.2B. In OFS, Transocean is rumored to merge with seadrill amid rise in offshore activity.

Daily Headlines

  • This Little-Known Private-Equity Firm Booked a 79-Fold Return wsj$$$

  • Time to Say Goodbye - Chevron Trimming Non-Core Assets in Advance of Closing on Hess Deal Rbnenergy

  • RBC: Global LNG supply surge to reshape energy markets CNBC

  • Range Confirms: Data Center Talk Underway for Marcellus Gas-fired Power Hartenergy$$$

  • Saudi oil export revenues slump to lowest in three years OilPrice

Deal Flow

M&A/Investment

  • Eni sells $3.2B stake in its biofuels business to KKR WorldOil

  • Transocean explores Seadrill merger amid rising offshore activity WorldOil

  • Northern Oil & Gas gains early advantage with $2.6B Uinta Basin acquisition HartEnergy$$$

  • Shell acquires a gas-fired power plant in New England to boost capacity HartEnergy$$$

VSO is the go-to consulting firm for buy-side technical due diligence. We can handle all your technical evaluations or can be your spare capacity when you need overflow help. If you’re in the deal flow, let’s work together.

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