Midland, United States
Elevation Resources LLC, founded in 2013, is an independent energy company headquartered in the United States. It focuses on the acquisition and development of unconventional oil and gas resources in the prolific Permian Basin.
With a strong financial backing, Elevation Resources secured a $423 million line of equity from a syndicate of investors led by Pine Brook Road Partners and a borrowing base credit facility led by Wells Fargo Bank, N.A.. The company's asset portfolio includes approximately 35,000 net acres, targeting the Wolfcamp, Bone Spring, Devonian, and Delaware sands.
In its last notable funding round, the company received a substantial $400 million in a Private Equity Round investment on April 12, 2013, with Pine Brook Partners as a key investor. This funding ensures the company's capability to leverage its expertise and capitalize on the opportunities within the energy sector.
