[Context: On October 3, Winright Resources announced a $67m equity commitment from North Hudson Resource Partners. Further details and related links are below.]
Winright Resources Holdings, LLC Partners with North Hudson to Continue Its Acquisition and Development Program in the Anadarko Basin
HOUSTON–October 03, 2018–(BUSINESS WIRE)–Winright Resources Holdings, LLC (“Winright”) announced the closing of a $67.0 million equity commitment from certain affiliates of North Hudson Resource Partners LP (“North Hudson”).
“The expanded commitment will provide us with line of sight to execute on several high-quality opportunities as we look to continue growing our asset base.”
Winright is a Woodlands-based exploration and production company focused on acquisition and development opportunities in the Mid-Continent region of Texas and Oklahoma. Winright plans to utilize the commitment to continue its strategy of optimizing its existing asset base, acquiring producing assets and pursuing drilling and development opportunities. Co-Founders Jason Cribbs and Clayton Mykytiw, both petroleum engineers with decades of industry experience, are joined by an experienced team with extensive history operating and managing oil and gas assets in Texas and Oklahoma. Winright was founded in late 2017 to capitalize on what they believed was a region with compelling acquisition and drilling opportunities that had fallen out of favor with the public markets.
“We are excited to continue our relationship with the North Hudson investment team that we’ve built over the past two years,” said Jason Cribbs, Co-Founder and CEO. “The expanded commitment will provide us with line of sight to execute on several high-quality opportunities as we look to continue growing our asset base.”
“The North Hudson partnership combines tremendous financial and transactional expertise as we continue to capture future opportunities through strategic acquisitions and development. We are thrilled to continue working with such a creative, energetic and tenacious team for the years ahead,” said Clayton Mykytiw, Co-Founder and COO.
“We look forward to continuing the relationship with Jason, Clayton and their team as they capitalize on the opportunities presented in the Mid-Con,” said Mark Bisso, Managing Partner of North Hudson. “The Winright team has strong technical expertise, operational capabilities and has proven to be effective in managing and optimizing their asset base in addition to identifying new opportunities.”
Winright is a private company based in The Woodlands, Texas, engaged in the acquisition, exploitation and development of oil and gas properties in the Mid-Continent Regions of Texas and Oklahoma. Winright was co-founded by Jason Cribbs (CEO) and Clayton Mykytiw (COO), both Petroleum Engineers and industry veterans with significant acquisition, evaluation, operations and development experience.
About North Hudson
North Hudson Resource Partners LP is a Houston-based private equity firm focused on middle market upstream and midstream energy investments in North America.