Dallas-based Grey Rock Energy Partners, a company with major efforts in Oklahoma’s SCOOP play announced it has held its first and only close of Grey Rock Energy Fund III which was oversubscribed with $232.5 million in capital commitments.
All of the money in the fund was raised through institutional investors and the majority, according to the company, are repeat investors.
With their strong institutional backing, Grey Rock is well positioned to deliver healthy, risk-adjusted returns in an underserved area of the oil and gas market,” said Grey Rock Managing Director Matt Miller. “Grey Rock has assembled a savvy team with deep operational expertise, positioning us as a world-class partner for operators and a preferential counterparty for sellers.
Grey Rock is a Dallas-based private equity firm with more than $450 million of assets and committed capital under management. The company acquires non-operated working interests in core unconventional basins, either by acquiring non-op directly from current owners, or by providing joint venture capital to operators. Grey Rock has interests in more than 2,000 wells in core areas of the Permian Basin, Bakken, Eagle Ford, SCOOP, and Haynesville plays.