[Context:On January 18, Wayfinder Resources announced backing from Lime Rock Partners. The company is focused on the SCOOP, STACK, and MERGE plays in Oklahoma. Further details and related links are below.]
Wayfinder Resources Announces Commitment from Lime Rock Partners
HOUSTON, Jan. 18, 2018–/PRNewswire/ — Wayfinder Resources, a Houston-based oil and gas company focused on the SCOOP, STACK and Merge plays in Oklahoma, today announced the closing of an equity commitment led by Lime Rock Partners, a private equity investor of growth capital in E&P and oilfield service companies in the U.S. shales and elsewhere. Wayfinder is led by CEO Bryant Fulk, COO Ivan Pinney, and CFO Will Derrick.
The Wayfinder team, who have been actively leasing in their target area for more than fifteen months, will continue to execute on a strategy of acquiring non-operated and operated positions in select areas of the SCOOP, STACK and Merge plays. The Wayfinder team combines young professionals with diverse experience in geology, engineering, operations, land, business development and finance.
Mr. Fulk noted, “We are excited to accelerate the application of our tested strategy and technical and acquisition capabilities with Lime Rock as our financial and strategic partner.”
Jeffrey Scofield, a managing director of Lime Rock Partners added, “Since we first encountered the Wayfinder team two years ago, we have been impressed by their tenacity, technical acumen, and energy. It’s a great pleasure to partner with a young, talented oil and gas team to build value in the SCOOP, STACK and Merge.”
Since its inception in 1998, Lime Rock Management has raised $7.4 billion in private equity funds and affiliated co-investment vehicles for investment in the energy industry through Lime Rock Partners and Lime Rock Resources, acquirers and operators of oil and gas properties in the United States. For more information, please visit: www.lrpartners.com.