S&A Resources Partners with Denham Capital| Oil & Gas
DENVER – (September 16, 2016) – S&A Resources announced today that it has secured an equity commitment from energy and resources-focused global private equity firm Denham Capital. The newly-formed, Denver-based Exploration and Production Company will focus on the leasing, acquisition and development of upstream opportunities in the Eagle Ford Shale’s South Texas Basin.
S&A Resources is led by Chief Executive Officer and President Salar Nabavian and Chief Financial Officer and Treasurer Ian Patel. Nabavian previously served as Executive Vice President and Vice President of Engineering and Strategic Planning at Inflection Energy while Patel, a former attorney and investment banker, brings 16 years of experience in advising, restructuring and supervising transactions for oil and gas companies.
“S&A Resources will be focused solely on the Eagle Ford’s South Texas Basin and is ready to hit the ground running,” said Nabavian. “We’re confident that the combination of our team’s experience, which includes operating in eight states as well as offshore, our strategic focus on just one basin in the Eagle Ford and the insight Denham can provide will ensure our success.”
Joining Nabavian and Patel on the company’s management team are VP of Land Kevin Gottshall, Directors Laura Levorsen & Dale Fidurko and Controller Susie Kuntz.
“S&A Resources has what we look for in portfolio companies – an emphasis on value creation, geographical focus and experience,” shared Denham Capital Partner Jordan Marye. “We’re pleased to begin this partnership and look forward to a long-lasting, mutually beneficial relationship.”
About S&A Resources
S&A Resources is an exploration and production company focused on the leasing, acquisition and development of upstream opportunities in the Eagle Ford Shale in South Texas. For more information about S&A Resources, visit www.sandaresources.com.
About Denham Capital
Denham Capital is a leading energy and resources-focused global private equity firm with more than $8.4 billion of invested and committed capital across eight fund vehicles and offices in Houston, London, Boston and Perth. The firm makes direct investments in the energy and resources sectors, including businesses involving oil and gas, power generation and mining, across the globe and all stages of the corporate lifecycle. Denham’s investment professionals apply deep operational and industry experience and work in partnership with management teams to achieve long-term investment objectives. For more information about Denham Capital, visit www.denhamcapital.com.