Everest Energy Partners: Two 24-year-old Energy Entrepreneurs Built and Sold Multi-Million Dollar Energy Company – Yahoo Finance

Everest Energy Partners was successfully divested in Q3 of 2021 to a private equity-backed oil and gas company out of New York City for an undisclosed price.
Dallas, TX, Dec. 18, 2021 (GLOBE NEWSWIRE) —

Everest Energy Partners (EEP) is an energy company focused on acquiring and redeveloping conventional and unconventional oil & gas assets across the continental United States with capital discipline, operational efficiency, and ESG standards.
The growth-oriented energy company has acquired and operated over 100 oil and gas wells across 10,000 acres in Texas while holding non-operated positions in the Permian, Arkoma, and Uinta Basins in fund one—called Everest Energy Partners I (EEP 1).
The two co-founders, Sandesh Karki (CEO) and Syed Taiyab (President) were prompted by the intriguing idea of how the oil & gas industry worked, not just in a technical sense but also in a financial and operational facet. It is after graduation, both the energy entrepreneurs decided to take a sharp shift pivoting toward lower risk Proved Developed Producing (PDP) oil & gas assets.
The idea was instead of drilling new wells, they would buy oil & gas wells that are already producing at attractive price points and reoptimize the assets to increase production. This business model was a lot more attractive to their investors as it mitigated development risk and ensured cash flow from day one. Their value add is their ability to source, negotiate, and transact at attractive price points while marrying capital to deals.
In early February 2020, EEP managed to acquire funds from two founding investors, one of which is a Houston-based investor and another is an angel investor that led them to kickstart their business plan.
By summer 2021, the global demand for oil and gas recovered a lot faster than expected due to successful COVID vaccination results and this has led to commodity prices rapidly rebounding. The price of oil kept increasing and was headed towards $70/bbl. Natural gas was flirting with a $5/mcf price point which allowed EEP value to grow significantly with increasing prices.
The co-founders originally planned to hold the portfolio of assets for a 5-year window with the intention to then sell to a larger producer who wanted a bolt-on acquisition. However, the strong rebound in prices and markets hitting 5-year all-time highs drove them to find a buyer which is a private equity-backed oil and gas company out of New York City.
Up and coming, the energy firm is in the midst of raising capital for their second energy fund (EEP II) which they hope to close on raising $100 million by Q2 2022.
For more information on the rising energy company, please visit https://everestenergypartners.com/.
About Everest Energy Partners
Everest Energy Partners was founded by two energy entrepreneurs, Sandesh Karki (CEO) and Syed Taiyab (President) who both were studying petroleum engineering together at Texas A&M University. After countless hours of dedicated hard work, while balancing field life with office life, the two co-founders managed to acquire and operate over 100 oil and gas wells across 10,000 acres in Texas while holding non-operated positions in the Permian, Arkoma, and Uinta Basins in fund one. They hope to inspire future generations to think out of the box and to build companies that bring value to stakeholders. Everest Energy Partners is currently engaged in acquiring and redeveloping low-risk producing oil and natural gas assets across the Lower 48 with capital discipline and ESG standards.
Contact Info:
Name: Michael Curtis
Email: Send Email
Organization: Everest Energy Partners
Phone: 214-701-0118
Website: https://everestenergypartners.com/

Sleep Number Shareholder Alert
A lack of semiconductors was at the root of 2021’s Everything Shortage. One analyst has some thoughts on what comes next.
FEATURES – MAIN The U.S. stock market hasn’t followed the script in 2021. The index returned 26% through Dec. 16, well ahead of the roughly 10% gain projected, on average, by strategists at the start of the year.
In this article, we discuss the 10 electric car stocks to buy for 2022. If you want to skip our detailed analysis of these stocks, go directly to the 5 Electric Car Stocks to Buy for 2022. In 2021, electric vehicle sales surged in China and Europe, with the countries reporting 1.2 million and 1.4 […]
Here's why they chose BioNTech (NASDAQ: BNTX), Eli Lilly (NYSE: LLY), and Novavax (NASDAQ: NVAX). Prosper Junior Bakiny (BioNTech): BioNTech partnered with Pfizer (NYSE: PFE) to develop the leading coronavirus vaccine on the market, Comirnaty.
Three longtime Fool contributors picked their favorite stock for 2022 that was off its high 50% or more. Will Healy (Chewy): Chewy has carved out a niche for itself in the pet supply business. This e-commerce stock has stood out over prospective competitors such as Amazon through a higher level of customer interaction.
The REITs are paying jumbo dividends from diverse commercial property holdings.
Q.: I just got a $7,000 dividend from a mutual fund that usually only pays small dividends and is now only worth about $62,000. First, whenever a stock or a fund pays out a dividend, the value of the holding is adjusted down. The same thing happens when a company pays a dividend.
The economist and adviser at Allianz SE says high inflation is here to stay.
There are plenty of options when it comes to vaccine stock investing these days. Adria Cimino (Ocugen): Ocugen surged more than 700% in a matter of weeks earlier this year on optimism about potential coronavirus vaccine sales. The biotech company partnered with Bharat Biotech to co-commercialize that company's vaccine — Covaxin — in the U.S. The deal later expanded to include Canada.
Many names throughout the NASDAQ are down 30%, 50%, 75% from their highs. Meanwhile, consumer electronics giant Apple (NASDAQ: AAPL) is near 52-week highs and up 40% over the past twelve months, a sign that investors are selling smaller, riskier stocks and buying large and established stocks like Apple. Here is why Apple could be the biggest disappointment of 2022.
In this article, we discuss the 10 5G stocks to buy for 2022. If you want to skip our detailed analysis of these stocks, go directly to the 5 5G Stocks to Buy for 2022. As more smartphones, electric vehicles, laptops, and other tech make their way from the factories to retail shops in 2022, […]
Expectations for higher interest rates have triggered a reversal in pricey growth stocks, and it’s likely not over yet.
At first glance, Alibaba Group Holdings might seem like a tempting deal. Alibaba, and other Chinese businesses, continue to face uncertainty around stock delistings, geopolitical tensions and China’s regulatory crackdowns. As Barron’s previously reported, some money managers have recently started buying shares of Alibaba.
Worried about the stock market? Look for assets that zig when stocks zag.
Recent market volatility is enough to make your head spin, and can cause plenty of confusion for retail investors seeking a solid market strategy. It’s tempting to look to the experts, but that raises another question: which experts are the best to follow? Following the insiders, the corporate officers who live and breathe with an inside view of the stock’s deeper workings, is one of the viable strategies for finding stock market bargains. Insiders don’t trade lightly – they usually have deep pe
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility…
Upstart Holdings (NASDAQ: UPST) has been one of the biggest stock stories of the year. Upstart uses artificial intelligence (AI) to evaluate a borrower's credit risk. This scoring method places a great emphasis on the prospective borrower's payment history, and it also looks at amounts owed, types of credit, length of credit history, and recent credit activity.
Forgive me, but I will recommend another to your list: Buy DraftKings (NASDAQ: DKNG) and fuboTV (NYSE: FUBO) stocks. Let me make a case for why these two explosive growth stocks could make excellent additions to your portfolio. For folks who prefer the bundled channels offered by a cable subscription with the convenience of streaming their content anywhere, fuboTV is an excellent choice.
The metaverse has been garnering lots of attention from investors recently. Meta Platforms (NASDAQ: FB) is primarily a social media company right now but has indicated ambitious goals of becoming a leader in the metaverse. In comparison, Roblox (NYSE: RBLX) is a metaverse company at its core.


The Top Ten Modern Business Skills For 2022

NEW YORK--(BUSINESS WIRE)--“Communication”, “critical thinking” and “data literacy” are among the skills that workers need in order to thrive in 2022, according to a...

Softbank leads $127 million funding round for Brazilian healthcare startup Alice – Reuters

The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File PhotoSAO PAULO, Dec...

How many unicorn companies are in the UK? | Fool UK – Motley Fool UK

The Motley Fool's personal finance site is devoted to helping you live a richer life.Let’s conquer your financial goals together… faster!The Motley Fool's ...

- Advertisement -

The Top Ten Modern Business Skills For 2022

NEW YORK--(BUSINESS WIRE)--“Communication”, “critical thinking” and “data literacy” are among the skills that workers need in order to thrive...

Expose your thoughts


Please enter your comment!
Please enter your name here